Given where Chicago is right now this new stadium proposal is a bad idea and a bad deal – Wirepoints on The Chicago Way with John Kass
April 25, 2024
No Comments
Ted was on The Chicago Way with John Kass and Jeff Carlin to discuss the proposed $5 billion lakefront stadium project proposed by the Chicago Bears & Mayor Brandon Johnson, why Chicago is struggling compared to other metro areas across the country, why the city might or might not go the way of Detroit, and more.
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
Election integrity – both real and perceived – is essential to government’s legitimacy and stability. Illinois, like the rest of the nation, better fix its problems now.
Ted joined Dan and Amy to talk about Chicago’s latest bond offering, why Chicago’s dismal home value growth is due to poor policies, the next $70 million to be spent on migrants, the 9% salary hikes demanded by the CTU, and why Illinois lawmakers voting to stop Chicago’s selective enrollment schools from being closed is hypocritical.
Weekly crime statistics from the Chicago Police Department: Report through 4/21/2024.
There’s no comprehensive study on how often the endless tax incentives serve their intended purpose as opposed to resulting in higher taxes for those that don’t receive an incentive. Locally, property incentives are often not just limited to TIFs. For example, The Chicago Department of Planning and Development (DPD) lists the following 21 economic development incentives: – Class 6(b) Property Tax Incentive. – Class 7(a) and 7(b) Tax Incentive. – Class 7(c) Tax Incentive. – Class 8 Property Tax Incentive. – Class C Property Tax Incentive. – Class L Property Tax Incentive. – Enterprise Zone Program. – Industrial Development Revenue… Read more »