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Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
One more variation on the ancient practice of rent-seeking with scarce, government-controlled privileges. How many liquor licenses are changing hands based on phony values for tables and chairs and stub-ends of leases? A developer I know had a secret unit built into a 15 unit condo building about 15 years ago and the taxing authorities still don’t know about it. Probable market value $400K +. Neighbors unwittingly share his utility bills. Ingenuity abounds.
Hendon is a race baiting con man. The ability to sell a license should be outlawed. But our government is too stupid to stop it.
Don’t forget, Hendon was also one of the filers of lawsuit demanding licenses go to minorities…$$chatta-ching$$
Has one dime of of all the $ millions$ generated from Illinois pot sales gone to the social equity bs? Or just to line the pockets of hustlers like hendon?
Something similar happened back when licenses were given out for casinos. Each license was $25K but the value was close to $500M. One person who got a license for $25K had ties to a Las Vegas syndicate or something and could not operate here in Illinois and then sold it for $485M. Nice profit. Does anyone know more about this. I think it was in the Thompson era. Please correct me if I’m mistaken. If a license is granted even if paid for by the recipient should only be used by that person and not resold to the highest bidder.… Read more »
I don’t know about the resale numbers you quote, but the original ‘investors’ in the riverboat in Central Illinois basically had a windfall when they resold their position in just a few years. Welcome to Illinois, where the politically connected ‘manage’ the trough of public assets and monies. No different than how some Congresspeople are always deep in the money on their family investments, like ‘electric buses’ mandated by Joe Biden.
I found it. Even worse than I thought.
https://news.illinois.edu/view/6367/204812