As COVID-19 Closes Restaurants, Expect No Rush to Fill Real Estate Vacancies – Eater Chicago

One owner feels the local governments, which collect real estate taxes, have to work with local businesses, otherwise more issues may arise: “It’s fair to say our buildings are only worth the occupancy we can put in them. My buildings are essentially worthless if no one can go in them.”

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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