The double whammy hitting Chicago’s downtown – The Real Deal

“A 20 to 25 percent drop in (users of) the downtown office market has titanic implications for the character of our city,” Joe Schwieterman, director of DePaul University’s Chaddick Institute for Metropolitan Development, told Crain’s. “If you diminish the size of the corporate workforce, that ripples through just about everything.”
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debtsor
5 years ago

My office is moving out of downtown when the lease expires in 2021. Looking at space in suburbs. Bye-Bye Lori!

PlanningAnExit
5 years ago

Master of the obvious… Why don’t you share this common sense based view of reality with LL and JB? Nah, you’re right, they simply wouldn’t understand it…

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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