-- Connecting the dots between our economy, government and business --
Due to refinancing and years of primarily paying interest instead of principal, the debt owed for Soldier Field has ballooned from the original $399 million to $631 million, according to the Illinois Sports Facilities Authority, which manages the debt payments. “No sane person would have agreed to this deal,” said J.C. Bradbury, a professor of economics who has studied sports stadium financing.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
These are the people entrusted with our tax money???
Next they’ll be selling the Skyway and the parking meters! Ooops, they’ve already hawked those.
Stupid, stupid ELECTED chickens!
You get what you vote for – or fail to vote for.
If you don’t vote you lose the right to complain.
““No sane person would have agreed to this deal,” yet there was considerable support from the Chicago citizenry when it all unfolded. They got what they wanted.
I remember at the time the criticism of the price tag as compared to stadiums that had been recently built. Now we find out that they weren’t even paying principle. Let it fail, it’s the only hope.
Would it be ok if this former Illinois resident laughed?
Thousands of former residents are laughing with you.
Rule #1- Taxpayers were put on earth to be Screwed.
Rule #2- Taxpayers were put on earth to be Screwed.
Rule #3- Taxpayers were put on earth to be Screwed.
Do it the Democratic way. Walk away! Just say you didn’t understand due to systemic racism.
Wirepoints readers need to read Professor Bradburys’ book Silverdome 451
Political hacks put in charge of millions of dollars and appointed to the position but their democrat sponsor who will now await their continuing kickbacks. There’s the answer why