Chicago doubles down on unaffordable housing – A City That Works

Hub 32 — STUDIO DWELL ARCHITECTSIn 2025, new affordable units in Chicago will cost *at least* $679K a pop to build.
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Old Spartan
8 hours ago

An outstanding analysis. These outrageous costs are are so high they can’t pass the smell test for anyone who has a nose. Graft at the highest levels and with no oversight whatsoever. scores of great private owners could do housing just as nice for half the cost. We live in a city that has just sunk to the lowest levels of fiscal sanity.

Old Spartan
8 hours ago

Just absolutely comical. Friends of mine are investing in 2 bedroom deals that cost $340-410,000 per unit. All rehabbed. All new appliances. No consultants. No lobbyists. Just a disgusting waste of money and a hoax on the lower income folks who need housing.

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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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