-- Connecting the dots between our economy, government and business --
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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How much did the Ricketts family get from the city and state in order to rebuild Wrigley and the surrounding Wigleyville neighborhood?
Uh-huh.
Jerry, as a lifelong Sox fan, please sell the team.
This is a bailout deal for Related Midwest, a significant contributor to BJ Johnson and Pritzker campaigns.
NO! Build it yourself
He’ll get it, even though a team he bought for 100M( ?) is now worth north of 2B. The guy needs the money! C’mon man!