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.
Why not start by changing the name? Who would ever want to by a building with that kind of legacy? I mean, The Sears Tower, that’s got a ring to it and The John Hancock Building, now there is a name that any egoist would want to put their moniker on but “The Skim Jim Center”… not a chance in hell. Why not change the name to the Paul Powell Center? At least that way you might get some downstate interest. P.S. As long as it is subject to city, county and state taxation, it will remain a much less… Read more »
The sale of the Thompson Center is a never ending way to balance the budget with the so called sale of this facility that never happens. Nothing new here…move along, move along.
Burn the damn thing down (empty of course)