Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The right way to say this is “After writing the $126 million loan down twice, the bank seized the northern portion of the 53 acre project.” In the next 6-9 months the other lenders will seize the rest of the space and try to sell it to a Brookfield or somebody who actually knows how to execute a project like this. Only question is, who will want it. A former industrial waste site in a failing city with no upside in sight. Developers will look at the recent CTU contract process and put Chicago at the top of the list… Read more »
Chicago & Illinois are moving in the exact opposite direction of a good place to do business. It could be years before there is a recovery.
This is really a bad sign. If a powerhouse like Sterling Bay gets in trouble, no one will be immune from the downturn.
This is why I suggest the United Center development will never happen.
What a tragedy. It truly would be a sterling site and opportunity if Chicago were in good shape.