The city is in a tough spot, and it’s a warning sign for other cities that could be on the brink of the same. The state must provide cities the tools they need, not stand in the way.
The owners of the United Center are closer to obtaining a $55 million property tax break for a massive development project surrounding the arena, but questions over minority contracting and a dispute with a hospitality union threaten to thwart or delay final approval of the subsidy.
And there’s still more work to be done. The final public infrastructure costs are likely to approach $200 million. The costs are not part of the presidential center’s privately-funded $850 million price tag - the funding comes from a $174 million pot created for the center’s benefit by the state back in 2018.
Apartment conversions continue to look attractive to groups that can buy office buildings at severe discounts. Downtown apartment rents are soaring amid a dearth of new supply and many renters putting off homebuying longer than they have historically.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
Illinois lost another 54,000 tax filers and dependents, net, according to the IRS. Since 2000, fleeing taxpayers have taken $94 billion of annual adjusted gross income with them. 
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