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The shopping center at 8500-8700 S. Cottage Grove Ave. suffered a major setback from the mayhem that followed the murder of George Floyd by a Minneapolis police officer in late May 2020. Chatham Village Square was “one of the epicenters of the most destructive forces related to the protests,” according to a court filing. The venture filed for bankruptcy protection last May, about five months after being hit with a foreclosure suit.
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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If “folks” leave to escape the ghastly crime and mayhem, it’s called “systemic racism” and “disinvestment”…
If new businesses and enterprises come to the area, it’s called “gentrication”…
“Never mind”
Rebuild, reopen and create more shopping, oops looting, opportunities in the “community”
Next up, woe-is-me articles about the “disinvestment” in that neighborhood with activists demanding the city something about the lack of stores in the area.
Like the old saying goes, “Don’t sh*t where you eat…”
Behind paywall. Can someone with access copy and paste it?
FJB, I understand your frustration, but we do honor ownership rights of authors and publishers here.
Lefties are just too stupid to get that “cause and effect” thing…
Remember that BLM said looting is totally justified
https://reason.com/volokh/2020/08/11/black-lives-matter-chicago-publicly-defends-rioters-and-looters/