A Horrible Bill Illustrates Illinois General Assembly’s Bumbling Dysfunction – Updated – Wirepoints Original

By: Mark Glennon* You might remember when the capitol lights almost were shut off a couple years ago because the bill wasn’t getting paid. That was avoided but, figuratively, the lights are off. Consider what the story of House Bill 2584 says about how our General Assembly works. The bill would give a massive windfall to existing bondholders that they didn’t bargain for. But the real story is about how such a bad bill could get as far as it has, unquestioned, and what that shows about how Illinois operates. The bill would retroactively slap a blanket mortgage on all

Read More »

The Richest Man In Town – The Distance

Cullinan’s Stadium Club and Beverly Records sit next door to each other in the Chicago neighborhood of Morgan Park. The owners of the two businesses have been friendly since Dan Cullinan opened his bar and grill in 1989. But even Dan couldn’t imagine how John Dreznes of Beverly Records would rush in to help when Cullinan’s Stadium Club ran into financial trouble in late 2016.

Read More »

Chicago Infrastructure Trust put city equipment on lien to private bank, wasted millions in tax dollars – Project 6

An investigation by Project Six into Retrofit One shows how major parts of city-owned buildings were used as collateral for a private loan to fund the project. Project Six’s investigation also found millions of tax dollars being wasted on labor and overhead costs for work that easily could have been done by existing city maintenance employees.

Read More »

Here’s What Causes Violence And How To Stop It: Former Top Federal Lawyer – DNAinfo

Zachary Fardon may no longer be Chicago’s top federal law enforcement officer, but on his way out the door Monday he left Chicago officials with a detailed look at the violence that he said left many in his office with a “sense of frustration and despair.” Comment: No, the cause is having children before you have a committed partner and the financial means to raise a child.

Read More »

Why Are So Many Trump Tower Condos For Sale Right Now? – DNAinfo

There were 62 condominiums listed for sale in the Trump International Hotel & Tower at 401 N. Wabash Ave. as of Friday afternoon. Take away the 14 listed “hotel-condos” likely owned by investors, and the tower still has double or triple the number of active listings of any other comparable condo building in Downtown Chicago.

Read More »