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Millions of dollars from the state, county and city have been earmarked for its development, which is expected to break ground before the end of the year.
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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Easy, stop stealing from existing businesses. Remember Walmart closed two stores after 17 profitless years. A Black entrepreuner has a Fatburger franchise around 95th & the Dan Ryan. Recently trashed for the third time this year.
Perhaps if certain people stopped shoplifting and
major Crime grocery stores And pharmacies could open and prosper. When your customers steal and push lead at you who would want to invest and open anything but maybe a mortuary.
good luck.
Don’t worry. After all the low income people are displaced by high tech people and the neighborhood is rehabilitation, the stores will come. All these displaced people can then move to the area around the Obama Center where our former President is looking out for their housing interests.
Looks like a perfect location to suck in all that free and clean Lake Michigan water – on three sides of the development. PsQuantum is trying to get going before the rules change. There seem to be no restrictions thus far on lake water usage and this needs to be heavily regulated or stopped immediately. Maybe IL pols could focus on things that impact our states water resources instead of crises created by DJT syndrome.
We are going to see the backwards, regressive people of the southeast side run the best thing that could happen there in 100 years out of town. It’s their own politics and behavior that causes the destruction they wallow in.
If the project is going to negatively effect water conservation and drive up electric rates, maybe we should thank them.