Lightfoot assures cops: ‘I will always have your back’ – Chicago Sun-Times*

The mayor’s latest, most vociferous attempt to reclaim the police support that has abandoned her since her landslide victory in 2019 came at a graduation ceremony in the Navy Pier ballroom. It also was almost one year to the day after CPD officers gathered at the University of Chicago Medical Center to support their wounded colleague, Carlos Yanez Jr., and his slain partner, Ella French, literally turned their backs on the mayor as Lightfoot approached them.

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The Semi-Elite City – City Journal

“Chicago’s quality-adjusted real-estate prices might possibly be the lowest in the country today…One reason that demand, and thus prices, are lower in Chicago is that the city does not attract the same caliber of talent as the coastal superstar cities and thus generates lower-value economic activity.”

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Push to Use Downtown Property Taxes to Fund Far South Side Red Line Extension Faces Uncertain Future – WTTW (Chicago)

Typically, the funds generated by TIF must be used in the same area of the city that the taxes were generated. But the TIF proposed by Mayor Lori Lightfoot would use the growth concentrated downtown and south of the Loop to fund the train line extension on the Far South Side, where property tax revenue has been stagnant or declining for many years.

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‘A bad deal’: Chicago’s NASCAR contract slammed by downtown aldermen – WGNTV (Chicago)

Downtown Alderman Brendan Reilly said, “Judging from the details we are just learning now, it’s pretty obvious why the Administration forbade NASCAR from sharing the terms of the deal with the alderpersons who represent impacted communities: the more we learn, the worse this deal gets…In my experience, Chicago taxpayers know a bad deal when they see one. And I’m sad to say: this is one of them”

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Commentary: Reality check: Illinois didn’t get this big on accident – Daily Herald*

Dan Seals, CEO of Intersect Illinois: “The reason these companies choose Illinois are varied, but two almost always stand out. The first is our top-notch infrastructure. You can fly from here to any major U.S. destination in under four hours. We’re the only state where all seven of the nation’s largest railroads meet. Throw in the country’s third-largest interstate highway network and the third-largest inland freight hub, and companies in Illinois know that their goods and people can flow seamlessly around the world. Second, our skilled workforce is a great advantage for companies. The University of Illinois alone graduates more

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UChicago drops booster mandate after saga of COVID regulations, protests – Campus Reform

Student Mitchell Robson, also a writer for The Chicago Thinker, the university’s conservative news outlet, said, “I am very excited that the booster shot mandate at UChicago has been lifted…but I recognize that there remains much to be desired and changed.” On Twitter, Robson questioned when the school will apologize “to the countless students they already forced to get it.”

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What it Will Take to Keep Companies in Sweet Home Chicago – Chicago Contrarian

“Mayor Lightfoot and her PR team may attempt to spin a good yarn about how new ‘Class A’ office space is nearly ‘sold out’ and continues to demand sky high prices. But with downtown Class B and C office occupancy at all time lows, which continue to sink quarter-over-quarter, small and large retailers abruptly shutting doors on the Mag Mile and beyond, and Starbucks closing select in-store Gold Coast seating areas (and likely stores, in the near future), it’s clear the Invisible Hand is voting on the one issue it cares most about: crime.”

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As recession grips U.S., certain Illinois industries see slowdowns – Center Square

“Technology, who had been racing ahead with hiring, is now starting to scale back, is now actually starting to rescind job offers that they made a couple months ago,” said Illinois Chamber of Commerce president Todd Maisch. “Small businesses that are discretionary spending, whether it be restaurants or even movie theaters or what have you – I would be most concerned about those folks who would be exposed to a consumer who thinks inflation is here to stay.”

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Rep. Krishnamoorthi defends Taiwan visit with Speaker Pelosi; huddles with Amb. Emanuel in Japan – Chicago Sun-Times*

Rep. Raja Krishnamoorthi said that while in Japan, “I put on my salesman hat and tried to sell some of these business leaders on doing more business in Illinois and certainly, in my congressional district, which by the way, has the largest concentration of Japanese-owned headquarters of any congressional district in the country.” Those companies include outposts of Fujifilm in Hanover Park; Mitsubishi Heavy Industries in Itasca and Hitachi High Tech America in Schaumburg.

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