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The site actually “may serve at least 2,000 family members with children,” according to a planning document accompanying the mayor’s statement. “The City intends to stand up a base camp if the infrastructure can support it based on the results of the environmental assessments currently underway."
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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Hey– citizens and voters– you are the ones to blame. You are not important. These people you put in office know you will still vote for them because you are uneducated and lazy. So live in the mess your elected representatives put you in. Until you wake up you will live with these disastrous conditions you voted for.