Given where Chicago is right now this new stadium proposal is a bad idea and a bad deal – Wirepoints on The Chicago Way with John Kass
April 26, 2024
18 Comments
Ted was on The Chicago Way with John Kass and Jeff Carlin to discuss the proposed $5 billion lakefront stadium project proposed by the Chicago Bears & Mayor Brandon Johnson, why Chicago is struggling compared to other metro areas across the country, why the city might or might not go the way of Detroit, and more.
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
Election integrity – both real and perceived – is essential to government’s legitimacy and stability. Illinois, like the rest of the nation, better fix its problems now.
Ted joined Dan and Amy to talk about Chicago’s latest bond offering, why Chicago’s dismal home value growth is due to poor policies, the next $70 million to be spent on migrants, the 9% salary hikes demanded by the CTU, and why Illinois lawmakers voting to stop Chicago’s selective enrollment schools from being closed is hypocritical.
Weekly crime statistics from the Chicago Police Department: Report through 4/21/2024.
I’m convinced Democrat Socialism/Thugism only leads to Bankruptcy. Venezuela is another example of the power of Socialism/Thugism. Democrats = Bankruptcy by definition if left unchecked and unchallenged. New York City had Republican Mayors for quite a while limiting the damage.
Mark, do you think Amazon might be better positioned than most companies to withstand the fiscal fire that is certainly coming to Chicago in the next decade? I think about how much volume they must be doing in Chicago alone, based my household’s use of Prime. They have massively expanded their presence here already. While I am not a detailed follower of their finances, and I am sympathetic to the comments Detroiters are making, I wonder if Amazon will simply decide that their business in Chicago is too good to ignore. Or maybe the competition for their new location is… Read more »
I don’t think that selecting another location would impair their sales here.
No need to go outside the Midwest. There are other large cities that could accommodate amazon like Indianapolis.