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The tech giant is negotiating to buy the James R. Thompson Center, 100 W. Randolph St., according to real estate information company CoStar. Google has more than 2,000 employees in Chicago and office space at 1KFulton, 1000 W. Fulton St., and 210 N. Carpenter St., and has plans to add thousands more workers to cities across the nation, including Chicago.
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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How could they sell this being it has been used pretty much annually to say that it will be sold to balance the budget?
So the state sells the building for $70 million in December, then a half-year later someone else wants to buy it? Why didn’t the state go directly to Google?
Big office buildings are obsolete, working from home is where its at, especially for Google. At our company applicants for IT positions want nothing to do with commuting, they go work elsewhere if made to come in the office. Good software developer talent is hard enough to attract without pissing them off by giving them a desk at an office to work at. All they need is a login, companies don’t even have to provide a computer anymore, they’d rather use their own.
Uh…no.
Google is not going to buy this turd.
Stupid is as stupid does. Seems to be a perfect fit.
Pretty funny. The SJWs at Google buying a building that doesn’t meet woke green standards due to its HVAC issues. Good luck heating it in Winter and cooling it in Summer. Maybe they can put a beautiful windmill farm in the lake.
Isn’t the Thompson Center the building that used to constantly leak when it rained, and had problems with the elevators as well?
Looks like Google would be buying the worn out trade in from the cheap end of the lot.