-- Connecting the dots between our economy, government and business --
"At long last, the state of Illinois appears ready to begin a detailed study of whether the proposed One Central megaproject makes financial sense — a study that, depending on the results, could kill off the South Loop proposal once and for all or clear the way for developer Bob Dunn to get the $6.5 billion state subsidy he wants."
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Hmmmmm……..something new and shiny to wreck On a slow weekend.
One Central Chicago. One of the Globalists 15 minute cities? Sounds like it.
Similar articles can be read thru other sources without subscription by doing your own search on One Central Chicago.
Hmm, I smell a grift.
Public Transit Is Dead Broke, Having Lost Most Riders For Good — Thanks To: (1) Out Of Control Violent Crime; (2) Piss And Shit Splattered Trains, Buses, And Stations; (3) Open Drug Use; (4) Chaos From Mentally Ill Riders; (5) Incessant Cigarette Smoke; (6) Shitty Service; And (7) The Ability To Work From Home — But Illinois Democrats Want To Spend Billions On A Transit Mega-Boondoggle
The developer behind this project is not a Democrat – in fact he has Trump loving Reince Priebus on his payroll. The person who stopped this from being sneaked into the budget last year was a Democrat – Kam Buckner. This isn’t about Democrats. It’s about a disingenuous developer trying to get tax dollars to fund his private development.