Chicago has $2.7B shortage of infrastructure dollars, aldermen told – Chicago Sun-Times

Asset and Information Services Commissioner David Reynolds pegged the cost of getting into a “replacement cycle” — defined as “replacing things before they break” — at $210 million a year. In each of the last five years, he’s had $35 million to spend from bond proceeds and tax-increment-financing.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
blank_on_purpose
6 years ago

It is not a question of if but rather when the city will collapse. The decline can be a whole lot less painful if it is managed in an intelligent way. There are two possible options left at this point: It is time to start thinking and discussing shrinking the city like they did with Detroit. Houses and buildings should be raised to the ground and returned into native grasslands.. Either that, or the whole place should just be walled off as a CHAZ zone and turned over to BLM warlords… The later is probably the option that will be… Read more »

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE