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More tenants are looking to unload square footage they no longer need—an imminent threat to downtown landlords that just capped off their best year in more than a decade.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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“Unwanted office space”!?
What about all those elevators? You can not possibly social distance in them, therefore they are deathtraps and so are the high-rise buildings that they serve. These microbial monstrosities must be shut down immediately.
I further propose that the bulldozing of all these gigantic petri dishes that result in the spread of the China Virus begin ASAP!!
This is truly a crisis… One that needs to be solved by some real “Radical Change”.
LET THE KNOCKDOWNS BEGIN!!
You can’t sell Chicago real estate fast enough