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Richton Park is the fourth suburb to publicly court the Bears since the team said in June that a high property tax assessment on the $197 million, 326-acre parcel they bought in Arlington Heights was putting at risk their vision for a $5 billion mixed-use stadium district in the northwest suburb. Mayors in Naperville, Waukegan and Aurora have all thrown their helmets into the ring since then. Chicago Mayor Brandon Johnson has also talked about keeping the team within city limits but hasn’t offered specifics on how — or where — he’d entice them to stay.
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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Good for the town’s mayor for promoting his own. But there is absolutely zero chance for this to happen. And these small town mayors don’t have a clue as to what’s involved politically, financially or logistically. And they certainly don’t have a clue as to what a bad partner the Bears will be.so don’t get sucked in to any of the Bears’ BS.
Does the fool think fans will drive into a red light camera paradise?
This is the dumbest thing yet on the Bears’ stadium. The infrastructure costs the stadium would need from Richton Park and its surrounding suburbs are about a thousand gazillion times what they have.
Smart move because It would balance out chicagoland and definely gets whites to Invest and moved in richton park and help Matteson is dead. Whites would move to monee richton park . Diverse comes back please do it