-- Connecting the dots between our economy, government and business --
Barstool, acquired last year by casino operator Penn Entertainment and well known for its sports and entertainment podcasts, recently signed a deal for around 40,000 square feet at 400 N. Noble St. on the Near West Side, according to people familiar with the deal. Barstool is expected to formally move its operations to the building from Manhattan in September.
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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Bet the regret it.
40,000 sq feet. Smaller than a home depot. What about the remaining 7,000,000 sq feet?
Affordable housing.