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.
If the Sox organization wanted to privately fund a new stadium on the old Rock Island Yards site, fine. Absent that, absolutely not.
I just can’t square this with the knowledge that there is nothing wrong with the stadium at 35th and Shields. Nothing. A carbon copy of Kauffman Stadium was Jerry’s design choice over plainly better options, but there is nothing to warrant a new stadium.
Jerry, please sell the team.