New Bill Aims to Jump-Start Bears Stadium Negotiations – WTTW (Chicago)

“Our $3 head tax would go strictly to the city of Chicago,” said state Rep. Marty Moylan. “We want to make the city of Chicago whole.” He said one of the Bears' lobbyists expressed reservations about the admissions tax, but he dismissed those concerns. “I said: Listen, it’s not going to cost the Bears anything.”
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Old Spartan
2 years ago

Who are these people that just don’t get it? No legislator from Chicago in either house in his right mind is going to vote for anything that helps the Bears move out of Chicago. “Making Chicago Whole” is not a palatable replacement for losing a team. Is any legislator from Chicago going to tell his constituents “I voted for the Bears to leave Chicago because they gave us our money back on the old stadium?” What? The infrastructure costs in Arlington Heights are a deal killer. And there is zero market for the commercial or residential parts of the development… Read more »

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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