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As part of the host city agreement (HCA), the regional casino operator wants to sell a 25% interest in its permanent gaming venue in Chicago to people of color and women, but white men aren’t eligible to participate in the offering. The suits being referenced were filed by the Wisconsin Institute for Law & Liberty (WILL) against the City of Chicago, the Illinois Gaming Board (IGB), and Bally’s Chicago Casino and a complaint filed by Mark Glennon against the city, IGB members, and Bally’s entities.
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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