The ‘White Elephant World’ Of Funding Sports Stadiums Is Burying Cities In Debt – Bisnow

Bridgeview took out a $110M loan in 2005 to finance the construction of SeatGeek Stadium, a venue large enough to seat everyone in town, with plenty of room left over. Officials hoped the 20,000-seat stadium, originally known as Toyota Park and located at 71st Street and Harlem Avenue, would transform Bridgeview into an elite suburb. Instead, the town of 16,000 was buried in an avalanche of debt, and crawling out will take decades, if it can be done at all.
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Calculating the Californication – City Journal

“Politicians in high-tax states claim that taxes don’t drive people out, but their constituents disagree: in the Berkeley poll, 58 percent of those considering leaving California said that high taxes were one reason….”

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Discovery Partners Institute Gets Long-Awaited State Cash – WTTW

Before coming through with the $500 million, Pritkzer wanted Illinois universities to first prove their commitment by raising just as much in private investments.

That target hasn’t yet been met – donors have come through with $230 million thus far, including a $5 million gift from University of Illinois board of trustees chairman Don Edwards and his wife Anne, which was just announced Wednesday. Pritkzer said the state’s guarantee of support will help meet the fundraising goal.

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The Push For Paid Family Leave Grows Stronger – NPR Illinois

If Illinois enforced some form of paid family leave for its residents, it would be the eighth state to do so. Gov. J.B Pritzker’s administration boosted paid parental leave for state employees August, and Naperville just approved six- to 12-weeks of paid parental leave for its employees.

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