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.
It’ll be wonderful, a transformational experience. You’ll be robbed and beaten in a new train station! That’s assuming you’ll get to the station alive!
Chicago – come for the theater, stay for the crime!
$180 million. Graft much?
How is upgrading an existing L station that is 3 blocks away from the newly renovated/built Washington/Wabash L station a “boon” to downtown? Has State/Lake in its current state really deterred development in the area? Do people avoid Chicago Theater because State/Lake L is cramped?
I get that State/Lake needs to be upgraded, but let’s not oversell CTA station improvements. The best things are fast tracks and fast, reliable trains. Nice stations are nice, but time is better spent on the train, not waiting for the train.
Totally agree, the people pushing this are just lying to us.