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The so-called Jackson Park housing pilot would earmark some of the area’s 184 vacant lots for affordable housing, offer property tax relief for residents and require more notice to tenants whose landlords aren’t renewing their leases.
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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Wait till the locals see what the city calls “affordable housing”.
Looks like the prison.
So those folks who are low income are about to get screwed!
Why are TAXPAYERS and CITY GOVERNMENT shouldering the burden of fixing social problems caused by the PRIVATELY directed Obama Center?
Early on, Obama himself, the erstwhile “community activist”, told a gathering of “community activists” militating for a direct “community benefits agreement” with the Obama Center Foundation that he couldn’t agree to one because it would open the Foundation up to scores of similar demands from newly minted groups, each with their own specific agenda.
Obama’s entitlement and hypocrisy is stupendous.
P.S. Brace yourself for the inevitable taxpayer bailout of the Obama Center
Why didn’t they build the library (Ticonderoga Class superstructure?) on the empty abandoned lots instead of on Park land?
Looks like something that should be torn down rather than finished. Are they going to paint the monstrosity or just leave it looking like an abandoned steel mill structure? And unfortunately if you buy an affordable house on one of those 184 lots your view out your living room window will be of this thing for the rest of your life.
It might be a thousand years from now, but some day that thing will be demolished. Wonderful thought!