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.
“Rivers generated close to $17.5 million in table games revenue for April, accounting for nearly 60% of the state’s overall $29.6 million.”
The downtown casino will cannibalize gamblers from Rivers…
I recall when Des Plaines was awarded the casino that it was supposed to be the LAST license to be granted. Revenue from Rivers is split with multiple municipalities, none of which have to deal with having a casino.
Now IL is going to give Chicago a license with NO sharing? What’s with that?