Aldermen OK Break for Cubs, Businesses Struggling During Pandemic – WTTW (Chicago)

The Cubs, who failed to make the playoffs this spring after a pandemic-shortened season, asked city officials to defer one $250,000 payment because fans were not allowed inside the ballpark as part of efforts to stop the spread of COVID-19. Those restrictions also meant that a slate of summer concerts at Wrigley Field had to be canceled, which meant few visitors to the Ricketts’-owned Hotel Zachary, restaurants and rooftops in Wrigleyville.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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