Anti-Gentrification Ordinance Approved, Slapping Developers With Steep Fines For Tearing Down Buildings Near The 606, In Pilsen – Block Club Chicago

“This is a moral issue,” Ald. Roberto Maldonado said. “I think the fees should be much higher, like what we originally proposed … the purpose behind all of this, we hope, is to stop gentrification, stop development and stop displacing us.” He said he wants developers to “stay away” from the 26th Ward.
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debtsor
5 years ago

All of the little things added up together makes Chicago such an awful place to live.

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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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