-- Connecting the dots between our economy, government and business --
Owner Churchill Downs says this year might be the last for the 93-year-old track as the company focuses on its casino properties.
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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Beetlejuice will have the city run it. She already wanted a city owned casino.
Great place for the Bears
The life of Arlington Park has been in doubt for some time now.
If only someone had predicted that casinos would mean the end of horse racing in Illinois