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No decision has been made or appears imminent. But among the possibilities are moving to a new stadium in the city or suburbs, or even relocating to Nashville, a subject of recurring gossip on and off for years.
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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White Sox May Follow Bears — Team Considers Leaving Chicago — No Big Surprise, Since Team Attendance Is Down, Among Worst In Majors — South Side Location Keeps Many Fans Away
Reinsdorf angling for another piece of taxpayer pie.
maybe CTU can put in an offer?
Note to Sox: Look for real-estate around the proposed Arlington Heights Bears Stadium and get in on the ground floor.
Think Detroit where Comerica Park is right next to Ford Field. Both stadiums are relatively new (compared to their previous stadiums).
When Crain’s, ‘access journalism’ at its finest, is dropping feelers about the Sox leaving…Well, they’re as good as gone. Nashville would be a great home for the White Sox. They need a baseball team. Tennessee would roll out the red carpet for them too.