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City Council voted in November to buy a 6.5-acre site at 115th and Halsted streets for $1 and transform the vacant lot into an encampment site for migrants which would be shut down no later than Nov. 1, 2024, to make way for a 12-acre affordable housing and retail development slated for the site. State officials are “currently not involved with that site,” spokesperson Jordan Abudayyeh said.
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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What about far EAST somewhere 20-30 miles into Lake Michigan. Floating tents.