-- Connecting the dots between our economy, government and business --
A federal law enforcement agency and Chicago's inspector general are looking into the process by which Bally's won the Chicago casino license, according to people familiar with the matter. Sources, including one who has been interviewed in the matter, say a second, parallel inquiry is being conducted by Chicago Inspector General Deborah Witzburg.
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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If you want a business license, bribe required. If you want a rezone, bribe required. If you want a building permit, bribe required. Pass an inspection, bribe required. A multi millions casino project is gonna generate a lot of under the table, plain envelope transfers to an assortment of city officials.
The Chitty government is run like a mafia organization. Pay to Play.
Classic! They are years away from getting into their permanent location and the whole thing could get blown up. Chicago is run by morons.
Oh, come on. Who would believe a story that there might be corruption in a Chicago gambling operation?
You forgot the 😉 – don’t want readers to think you’re serious, now do we?
LOL 👍🤓