-- Connecting the dots between our economy, government and business --
Challenges getting employees and visitors downtown — including the tens of thousands expected as the city hosts the Democratic National Convention next summer — are a hit to the city’s economic heart, which is still facing lower office occupancy than in 2019 and a hospitality industry recovering from the pandemic. Reluctance to get on trains or buses can be one barrier to key efforts to boost residential development downtown and development near transit across the city.
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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Hmmmm”…..CTA? Try the whole city! If public transportation can be dependable and safe, think of all the.
Carsthat would remove in support of our Green Ideals!tsk Tsk, the city supports pollution.
Roselius is crazy. After what she had happen to her she still wants to visit and have her son attend school in Chicago?
Stockholm Syndrome is real.
Government workers do not get paid for performance or do they lose their jobs for nonperformance. It is great work if you can get it.
Good Gpdfrey, conventioneers on the ‘L?’ Now, that’ll be an incentive to clean up the Chicago transit system.
Good luck!
This is the companion story of Detroit bus service….