Given where Chicago is right now this new stadium proposal is a bad idea and a bad deal – Wirepoints on The Chicago Way with John Kass
April 26, 2024
11 Comments
Ted was on The Chicago Way with John Kass and Jeff Carlin to discuss the proposed $5 billion lakefront stadium project proposed by the Chicago Bears & Mayor Brandon Johnson, why Chicago is struggling compared to other metro areas across the country, why the city might or might not go the way of Detroit, and more.
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
Election integrity – both real and perceived – is essential to government’s legitimacy and stability. Illinois, like the rest of the nation, better fix its problems now.
Ted joined Dan and Amy to talk about Chicago’s latest bond offering, why Chicago’s dismal home value growth is due to poor policies, the next $70 million to be spent on migrants, the 9% salary hikes demanded by the CTU, and why Illinois lawmakers voting to stop Chicago’s selective enrollment schools from being closed is hypocritical.
Weekly crime statistics from the Chicago Police Department: Report through 4/21/2024.
That area is economically depressed. I live in Morgan Park not far from the unabated declining shopping corridor. Years ago though it was vibrant. The housing and the business / shopping climate have taken an enormous downward toll. Pouring millions into that four block interior at this time or near future may prove unfruitful. There are a few clusters of middle – upper middle class, albeit, that group presently does not shop in the quadrant. Overall, the area is sweltering in low income sphere and crime. A robust comeback would be great but risky.