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The land was supposed to be used for new homes. Instead, it highlights decades of development delays under four mayors and eight CHA CEOs, with crippling consequences for some of the city’s poorest neighborhoods. Chicago is struggling with an acute shortage of affordable housing, and more than 200,000 people are on the CHA’s waiting lists for assistance.
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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Fill with immigrant tents perhaps?
LOL Love the picture with the honey locust seed pods littering the lot. Did you know that for many years, and probably still now, Chicago encouraged residents to plant honey locust trees because they are considered a drought tolerant tree that can handle the ‘climate change’ better? They said that climate change would lead to drier summers and warmer weather, so we should plant these trees. Then during the 2010s and into the early 2020’s we had some of the wettest season ever, and now these ‘drought resistant’ trees crap their seed pods everywhere for squirrels to bury the seeds… Read more »