CHICAGO (CBS) — Key aldermen are not buying the Emanuel administration’s latest proposal to regulate so-called “house sharing” rentals like Airbnb, reports WBBM Political Editor Craig Dellimore.

43rd Ward Alderman Michele Smith says one problem with house sharing services like Airbnb is that existing residents all of a sudden are living next to hotel rooms, unregulated ones.

“Short-term rental takes away housing stock from vibrant neighborhoods and replaces them with tourist hotels,” Smith said. “We live in neighborhoods. Not tourist-hoods.”

Mayor Emanuel’s revised his proposed ordinance to tighten some restrictions, but Smith calls it a betrayal, saying there are not enough limits on how many of these rental there can be.

“I do not understand why we are rushing to get this done without even hearing from the aldermen in whose wards more than half of these short-term rentals exist,” Smith said.

So far the administration is looking for a vote next week.