-- Connecting the dots between our economy, government and business --
Let’s hope that by the end of this decade people of basic decency and common sense will have roared, giving future historians a different reason to call this decade, too, the Roaring Twenties.
See our own story on this linked here.
The state increasingly looks like it’s being squeezed out by Foxconn adding capacity elsewhere.
A high-end senior housing facility in Chicago has sold for double its 2012 purchase price, the latest sign that investors are increasingly eager to own properties catering to wealthy retirees.
The deal for the Chicago property shows that investors believe some segments of senior housing still look like a good bet. Many are wagering they can outperform the industry with amenity-rich downtown facilities that can charge more than $20,000 a month.
Despite allocating nearly $10 million to funding public safety employee pensions in next year’s budget — a seven-fold increase since 2011 that represents roughly one-sixth of all general fund expenditures — Oak Lawn’s pension burden continues to grow. As a result, Moody’s Dec. 23 downgraded Oak Lawn’s credit rating to junk.
While Moody’s latest downgrade will not spur Oak Lawn to reduce services, Bury said, it could result in the village looking to cut costs through outsourcing.
The city’s murder clearance rate in 2019 was about 53%, according to Chicago Police Department figures. In 2016, the clearance rate was just 29% — an improvement of more than 50% in three years, the department’s figures show.
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