Cut the red-tape? Get rid of the subsidized housing set-aside requirements, and watch the residential high-rise boom in response.
Only reason LaSalle Street high-rises are being converted to residential apartment high-rises is because City of Chicago (Mayor) is offering $150 million worth of real estate tax-breaks, in addition to Fed affordable housing loans. Johnson is buying these projects, at significant out-of-pocket cost to Chicago’s remaining real estate taxpayers. Bum deal. Bum mayor.
Ataraxis
2 years ago
Soviets lament Soviet bureaucracy. Will create new 5 year plan to increase cement production to build more apartment blocks. A new Soviet Day is dawning, comrades!
Wyatt Earp
2 years ago
Old Zippy would be better off naming it,
“ Cut the Cheese “.
As a famous prison warden once said,
“ Lordie it disappeared like a fart in the wind”.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Cut the red-tape? Get rid of the subsidized housing set-aside requirements, and watch the residential high-rise boom in response.
Only reason LaSalle Street high-rises are being converted to residential apartment high-rises is because City of Chicago (Mayor) is offering $150 million worth of real estate tax-breaks, in addition to Fed affordable housing loans. Johnson is buying these projects, at significant out-of-pocket cost to Chicago’s remaining real estate taxpayers. Bum deal. Bum mayor.
Soviets lament Soviet bureaucracy. Will create new 5 year plan to increase cement production to build more apartment blocks. A new Soviet Day is dawning, comrades!
Old Zippy would be better off naming it,
“ Cut the Cheese “.
As a famous prison warden once said,
“ Lordie it disappeared like a fart in the wind”.