Judge asked to block Obama Center-related construction in Jackson Park – Chicago Sun-Times

The motion was filed as part of an existing lawsuit against the city of Chicago and Chicago Park District. The lawsuit, filed on May 14, aims to prevent the use of Jackson Park for the Obama Center complex. The new motion will be the subject of a hearing on Aug. 14.

Lawyers for the city and park district told the court in a June 28 brief that the lawsuit was “premature” because the City Council had not yet enacted an ordinance authorizing the work or approved terms of the construction with the Obama Foundation. A judge put a stay

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Why MMA says Chicago should avoid selling pension bonds – The Bond Buyer

“It’s not hard to speculate about the potential legal challenges that might occur over the sale of another core revenue stream for the benefit of ‘wealthy bondholders’ should the POB be issued, not perform as speculated, and more money is needed to fund constitutionally-protected pensions and maintain basic services,” the report says.

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More Illinois homeowners sinking underwater on mortgages – INN

In the second quarter of 2018, 18 percent of Illinois’ homes were considered seriously underwater, or mortgaged for more than 25 percent of the potential sale price of the house. That’s according to ATTOM Data Solutions’ report released Thursday. That’s higher than it has been since 2016. In some of Chicago’s western suburbs, more than 70 percent of homeowners owe 25 percent more than the price their home would sell for.

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Chicago’s Violence and Its Leadership Deficit – WSJ

“All of this adds up to a large, complex problem crying out for leadership. Young people on the South and West sides of Chicago aren’t getting the equal opportunity they deserve as hundreds are killed or maimed. I was born in the South Side of Chicago, and it is painful to see my city become truly violent once again. Without major changes, the killing will continue.”

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