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.
F both JBs.
Is the Jewel shopping center properly zoned for multifamily housing? Hotel occupancy?
Seems all conventional regulatory laws regarding zoning, planning and building code standards have been disregarded by Mayor BJ and his “Migrants” chief.
This are government sanctioned shantytowns
The redevelopment group claims to have financing already lined up for the transformation. The next sentence says State of Illinois and City of Chicago are the 2 main “investors”. That means our tax $$$ will be thrown at something where successful investors see no future.
THIS IS HOW FAVELAS FORM.
When can we call them Bidenvilles?
Starting now. Thanks
Good luck with that.
NYT reporting that New York city will provide one-way airplane ticket to anywhere, only to recently-arrived migrants, to relocate them elsewhere out of city altogether. NYC claims its spending $294/migrant/day. A plane ticket will cost only 1 to 3 days of NYC expenditure/migrant/day, even if flying them to Paris or London or Caracas.
Wonder whether Mayor BJ will embrace same policy. Far more fiscally prudent approach than erecting tent cities all over our Chicago neighborhoods to ensure migrants aren’t downtown, front and center, when democratic convention comes to town next August.
That’s an important point. It’s obvious the xenophobic right-wing MAGA racist extremist haters in NYC, Denver, DC, etc have had enough, so that can only mean even more migrants are going to choose Chicago as their destination…as we are the final outpost of migrant sanctuary insanity.
https://www.newsmax.com/newsfront/nyc-mayor-eric-adams/2023/10/26/id/1139843/
So, experts in the real estate industry don’t see a viable opportunity with the property; but the political class does?
It’s not like they’ll lose their money on it.
Maybe Brandon should stop complaining about food deserts. Looks like we just found a use for all those abandoned grocery stores. If you thought that old Jewel store was an eyesore just wait.
Hmm, if you can buy mexican food there I guess it’s no longer a food desert. Hope the community likes burritos.