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City officials didn’t address the future of the apartment proposal when announcing Universal’s plans for the venue at a news conference. But Universal is receiving incentives for the project through Illinois’ Economic Development for a Growing Economy tax credit program, and according to the agreement, the venue must maintain operations for at least 10 years. That suggests Onni is moving on from its plans, or at least tabling them for a long time.
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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Disney failed, Universal’s turn.
If you want a real horror show that will scare you right down to your socks, go through Englewood, Austin, pretty much anywhere in CHI/ Cook County on a weekend night until the weather goes south in a few months. You’ll have stories to tell if you survive.
Darn it, you beat me to the punch. Anyway, here’s my similar comment. You can experience computerized/virtual horror in this new venue; then, exit the building for the real thing – courtesy of the thugs.