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The 100-year-old Pillsbury Mill flour and grain plant in Springfield has been abandoned and deteriorating for 20 years. “The cleanup project is intimidating, daunting and expensive but MPF is determined to rid Springfield of what has become a symbol of decay and hopelessness. It is unacceptable to have it at the center of the community,” said said Chris Richmond, of the non-profit Moving Pillsbury Forward.
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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