DePaul/ULI Chicago survey: COVID-19 and Cook County taxes will lead to “Nike swoosh-shaped” recovery in Chicago – RE Journals

Respondents indicated that the greatest threat to a vast amount of real estate in the Chicago area is the continued uncertainty of Cook County property taxes, with many also highlighting city, state and county financial issues. More than one third of participants believe there will be a modest shift in investments to the suburban markets.

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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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