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"Without economic growth, the planned site is destined to cause maximum disruption, expense, and degradation to Jackson Park and its immediate environs...The OPC could end up underwater both physically and financially, which is why the 2021 Annual Report does not mention these touchy funding issues."
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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It’s what community organizers do best. Leech from the public til’ and leave destruction in their wake.
Hmmmm…….We expected better? Most of the funding is going into select pockets, none to building! Even the apocalyptically dumb question why fund something for a millionaire with estates in Martha’s Vineyard and Hawaii! They will cry and say the absence of donations will cause difficult decisions; downsizing. They’ll slap together something resembling a laundromat.
That neighborhood could use a good laundromat more than a presidential library/worship center.
Has the first drag queen event been scheduled yet?
All the momentum for this project disappeared when Trump left office. I’m surprised Obama just doesn’t ask a few Silicon Valley tech bros to fund the whole damn thing.
“Nebuchadnezzar the king made an image of gold, the height of which was sixty [a]cubits and its width six [b]cubits; he set it up on the plain of Dura in the province of Babylon. 2 Then Nebuchadnezzar the king sent word to assemble the satraps, the prefects and the governors, the counselors, the treasurers, the judges, the magistrates and all the rulers of the provinces to come to the dedication of the image that Nebuchadnezzar the king had set up. 3 Then the satraps, the prefects and the governors, the counselors, the treasurers, the judges, the magistrates and all the rulers of the provinces were assembled for the dedication of the image that Nebuchadnezzar the… Read more »
Why does a president need a library? How many kids can even read? Maybe there’s a lot of pictures and public bathrooms so people can steal the toilet paper. Nothing of importance will be in the library since the originals will be in Washington.
Why does a president need a library? So they can host Drag Queen Bingo nights for teens.