Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Turning these into affordable housing is so incredibly stupid. Who wants to stay in a hotel that has affordable housing residents panhandling in the lobby. That’s going to be the reality of this visionary plan. This tells you that downtown Chicago is dead. There simply aren’t enough commercial tenants in Chicago anymore. Those buildings are worth a fraction of what they were a few years ago. Remember the names Lightfoot and Johnson. They created this disaster with help from Preckwinkle, Evans, Foxx and Pritzker.
Turning these into affordable housing is so incredibly stupid. Who wants to stay in a hotel that has affordable housing residents panhandling in the lobby. That’s going to be the reality of this visionary plan. This tells you that downtown Chicago is dead. There simply aren’t enough commercial tenants in Chicago anymore. Those buildings are worth a fraction of what they were a few years ago. Remember the names Lightfoot and Johnson. They created this disaster with help from Preckwinkle, Evans, Foxx and Pritzker.
This looks to be another step to get rid of Chicago’s Financial District, or is it gone already? Anyway, I welcome suggestions for a new name for this area; sarcastic and tongue-in-cheek names are allowed.
41 low income units is not enough. That’s racist. Make it 116. Turn the loop into the new RT summer condominiums with the lakefront view (formerly Robert Taylor Homes). You deserve it.
And so the Section 8ing of previous business begins.