As a massive foreclosure lawsuit against the owner of the Palmer House enters its fourth year, the hotel's State Street retail space is poised to be seized by a lender.The bid price shows how far the property's value has fallen in the wake of the COVID-19 pandemic. Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints
May 8, 2024
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Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no.
Weekly crime statistics from the Chicago Police Department: Report through 5/4/2024.
Gov. JB Pritzker calls it “ethics” reform.
It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”
Tip of the iceberg.
Yeah, the pandemic; that’s what made the property value fall.
Truly awful watching Chicago fall piece by piece. I was married in that hotel.
But but but…
The fake news fraud said that Chicago hotels were booming!
What they didn’t day was that revenues were only up due to massively inflated room rates, while actual occupancy was still in the toilet.
https://www.chicagotribune.com/business/ct-biz-illinois-tourism-recovery-hotel-revenue-record-20230710-r44mho43yre2jmsvhwcweaxh6e-story.html#:~:text=J.B.,Chicago%2C%20the%20city’s%20tourism%20arm.
They had to inflate room rates. Chasing occupancy during 2020/2021 lead to nearly two full years of thuggery, pimping & parties in high end hotels, which scared away most visitors.