-- Connecting the dots between our economy, government and business --
A prominent developer’s attempt to win committee approval for a $1.1 billion project that’s been stalled for nearly a year was again thwarted because it hasn't reached a labor peace agreement with an influential union.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Unions have destroyed Illinois for everyone but themselves.
Does project involve city financing? If not, then why should city be able to dictate labor agreements? Setting a scary precedent.
Then, if no city funds are involved, could onni sue city claiming they’re being singled out as having to accept labor agreements in exchange for permit/zoning approval?
These poor Onni foreigner folks don’t have a clue what they are in for. They probably think they are doing a deal in a city where logic and law and common sense prevail. They are not used to dealing with totally racist and inept government, union tough guys who don’t give a hoot about costs or economic development economics, and a public which is so brain dead. Just look at some of the other big deals completely stalled out– Related, Sterling Bay, stadium deals. My prediction is this deal either gets dramatically downsized or scratched altogether.
Exactly. The downside of Chicago being such a global force in the 20th century is that we are now burdened by the darkside of that century such as rabid unions that destroy businesses, chase away economic activity, run up public sector debt. We have a tribal warfare like race / class based political system eerily reminiscent of 1930 Europe with the majority of citizens opting to just check out or move away. Very few of the 20th century benefits remain, wholesaling, retailing and manufacturing are essentially gone. Logistics and transportation have also decentralized, we’ve even messed up the rail business… Read more »
Lol. I’m sure builders of a casino have never dealt with these types of labor issues before.
Expect any deals thru cities new $1.25 billion “green affordable housing” bond to be loaded with mandatory labor agreements by all the political players$$…..with the production of “affordable” housing being a complete joke…all on the taxpayers dime, as usual.
Some of these “Bring Chicago Home” construction rackets are coming in at $800,000 per unit. I can say from experience we can deliver market rate units at $250,000 – $300,000 per unit with no government “help”. That’s how bad they can mess anything up.