Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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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.
Foreclosures result in distressed sales. Distressed sales lead to lower overhead for landlord, which in theory, lead to lower rents. Lower rents might entice employers to bring their employees back downtown. I’ve been involved in several downtown leases over the years and the rents used to be astronomical. Cheaper rents would be beneficial for everyone. But the problem with this is that employees don’t want to go downtown and will fight employers to have to go back into the office. And secondly, Chicago’s and Illinois’ business environment is so terrible, it’s not like there’s all of these new businesses forming… Read more »
“it’s not like there’s all of these new businesses forming or expanding in Chicago” with Brandon as mayor that’s not going to help.
Although he is an expert in NY real estste, I heard Bruce Ratner mention that downtown Chicago’s real estate footprint is insolvent (collectively). Typically, although painful to stakeholders, there is a silver lining because asset prices become much cheaper. The problem is as Debtsor has described it is that cheaper assets no longer provide opportunity. Once these assets move (painfully and fitfully) through the banking system, it is frightening to a degree to ask what comes next. Very few of the buildings can be converted to residential, and tear downs (which we shall see happen) and i can’t imagine demand… Read more »
That’s why I am short KRE (regional banks), though it has not really dropped much lately. Some 200 banks are at risk.