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The top answer, selected by 42% in a survey of over 300 real estate pros: More funding for police. Other responses above.
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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How about paying off some of the massive Illinois deficit?
This might cover a small fraction of a percent.
A basic question that needs to be asked is “What exactly are the deficiencies in the existing facilities that warrant that kind of expense?” Maybe neither one is in exactly the best location. But Soldier Field was just redone with a $300 million makeover twenty years ago. Sox Park is in excellent shape, having been very well maintained, remodeled at least twice, and loaded with great food, beverage and seating amenities. Both stadiums have excellent new lighting systems already in place. Completely adequate replay screens. What needs to be improved? Fatter seats in the sky boxes? Nicer elevators to the… Read more »
No appetite for a Sox/Bears stadium when the Sox are about to make baseball, in a bad way, losing the most games of any team in a season, and the Bears are 1-2 despite the number draft pick, with no hope in sight. However, sports stadiums can be good investments for good teams that bring people into the area outside of game days. But for these two teams, no.
Where was the non-of-the-above choice?
But, but, but bread and circuses are the only things the slaves and simps are capable of understanding. Shotspotter? Who cares. Budget deficits? Who cares. Taxes? Who cares.
Bears? Get out the checkbook. Gotta have the bears so the simps have something to distract them from their slave existence.