Another Convention Flees the City
- Conventions bring in an estimated nine billion dollars to Illinois - much of that in the Chicago area. But two of the big conventions may take their business elsewhere.
- The Food Marketing Institute or FMI is one of five partners for the food show called "The Power of Five." The annual show closed Tuesday at McCormick Place and FMI announced plans to consider rotating venues beginning 2008.
And once again, this is going to cost the City revenue it can't afford to lose. The trickle down effects of losing these conventions will total in the tens (or hundreds) of millions of dollars. At some point in the coming years, someone is going to be left holding the bag for these years of abuse, corruption and fixing. And we see them every day when we look in the mirror.