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.
Like Kalifornia’s “High – Speed Rail”, another “train to nowhere”…All this will do is enable the Red Line to become a worse sewer than it already is… a pipeline for even *more*criminal cockroaches to skitter around and infest the city…
95th street is a long train ride to downtown. Extending it to 130th street at I-94 seems insane. That’s the Gardens. The infamous Altgeld Gardens. The last stop on the extension will be the projects. Across the street is a water reclamation plant. The other three stops are Roseland, West Roseland, and West Pullman, arguably some of the most dangerous neighborhoods in all of Chicago. Who in their right mind is going to travel into these neighborhoods to catch a train? This extension is nothing more than equity. These neighborhoods haven’t been even middle class for 50 or 60 years… Read more »
Oh, just consider the “ROI”, lol…
Correction, Alligator Gardens!
CTA Wants To Rob Downtown Taxpayers For A South Side Train Boondoggle — EVEN THOUGH CTA RIDERSHIP IS MOSTLY GONE FOR GOOD — AND EVEN THOUGH WORK FROM HOME HAS CONVINCED MOST COMMUTERS TO STAY REMOTE, AND AVOID CRIME-INFESTED CTA
They should extend it to a red state so we can leave this progressive utopia faster.
Look how easy it is to spend Other People’s Money on a train to nowhere.
There really is no good news coming out of Chicago. It’s one mess after another.