Wirepoints’ Mark Glennon on AM560’s Morning Answer: Spencer Pratt in Los Angeles Mayoral Race Offers Chicago a Blueprint
June 4, 2026
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Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Audio and summary 
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Just another typical Chicago clusterf#ck of epic proportions! Nice work guys!
WHAAAAT! So they can continue to print a paper no one is interested in bying?
I’m going to say this is click bait reporting. There’s absolutely no way they didn’t know there’s a lease or what the options were. That’s all part of a letter of intent and for sure part of the purchase and sale agreement. I’m guessing that they had a deal with Alden Capital and now Alden is trying to re-trade the deal. Typical hedge fund behavior.
Nix the deal, buy property that some alderman owns, the Chicago way
According to the Crains article, Bally’s bought the site from Oak Street Capital, but didn’t know, or didn’t care, that Alden could extend their lease for 20 years. Of course Alden will squeeze what they can out of this. I thought ground leases got recorded and would be discovered as part of the due diligence for such transactions. I guess I was wrong.
Geez, just a minor detail overlooked in the city’s rush to get a deal done. NO one bothered to check with the party that has control of the land? A rookie developer or college intern at any urban planning operation would have this as item number one on his check list. The city gets hosed by NASCAR on the race rights fee. Can’t figure out how to do a deal with the Bears. Clueless on how to keep the Mag Mile safe. On and on. This Lori administration is just a collection of buffoons.