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.
Ironically, this area (and slightly to the west) was called Little Hell during the 1870 to the early 1900’s as it was a slum, full of poorly built tenement buildings and shoddily built workers housing full of poverty stricken immigrants who spent much of their time stabbing each other outside of saloons. This is what our urban planners want again, to turn the Mag Mile into Section 8 housing for immigrant, to once again, engage in petty and felonious crimes at wholesale levels. And they say history repeats itself…
They should’ve stopped calling it The Magnificent Mile some time ago.
It’s now called The Mug Mile by many.
I guess they are expecting big things from Google.
One fifth of the Mag Mile affordable ( Section 8 ) housing. Nice.
But theres no stores to rob, Gangs will just need to steal more cars to go to the Candy Land (burbs).