-- Connecting the dots between our economy, government and business --
Bally’s shuttles make 30 trips daily from Chinatown to the casino’s front door. The strategy is cause for concern among some Asian community leaders, who fear their neighborhoods are being targeted.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I can’t find the part of the article where it explains how people are being forced to go gamble. I could easily get a seniors van ride( through the RTA/ Metra) intended for doctors appointments, shopping etc to the casino front door but common sense dictates that I don’t.
Bally’s Casino will be gone by Dec 31 2025.