-- Connecting the dots between our economy, government and business --
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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why is this not built in the Loop? I live in Las Vegas now. If a casino is in a residential area, it’s more like a hotel with a lot of buffer from residents. I can bike to Red Rock Casino from my house. But, an expressway and a busy road buffer me along with shopping centers. This location makes ZERO sense. The Loop with access to trains, the L, buses, and expressways makes total sense especially now that no one goes to the Loop anymore. They ought to locate it over by Lou Mitchell’s.
Will the casino be unionized?
Considering that Bally’s is unionized in both AC and Vegas it would stand to reason that this casino would be no different.
Residents should be thankful Lori hasn’t approved a mule rendering plant for glue. It would be her style; she fights dirty. A slap and run expert!
Anyone expecting Turd Lightweight to change her mind is crazy. That would be like admitting she was wrong, and she’ll never admit that!
This stupid casino is 25 years too late.