More Magic Money
Chicago will be free to demolish hundreds of abandoned homes in suburban Bensenville to make way for new runways at O’Hare Airport, thanks to a $16 million settlement advanced by a City Council committee Monday.
Peace has been in the works since last spring, when Frank Soto unseated Bensenville Village President John Geils, who led the charge against O’Hare expansion.
[...] That includes traffic and landscaping plans and demolition controls, including temporary fencing. The Daley administration has also agreed to repair and replace Bensenville’s stormwater and wastewater infrastructure if it’s damaged during demolition.
If past history is any indicator, there are cost overruns even in knocking down empty buildings whenever Shortshanks is involved. This open-ended agreement to "repair and replace" seems to be rife with potential for "overruns."
But it is nice to see the Shortshanks's golden goose is still laying million dollar eggs.
But it is nice to see the Shortshanks's golden goose is still laying million dollar eggs.
Labels: money questions
posted by SCC at 12:01 AM
14 Comments:
See WSJ article: Chicago's camera network is everywhere
http://online.wsj.com/article/SB10001424052748704538404574539910412824756.html
The airlines don't even want the new run ways.
Dam the magician daley keeps finding "mo money"! He finds it everywhere except for a decent police contract,and to contribute to the pension fund,then he wants everyone to take many days off with no pay! The airlines don't want the expansion,they cannot afford it who will ultimately pay for daleys largess? your right the taxpayers that are left in the next detroit chicago! with all the illegals and non taxpaying section 8 that daley encorages guess this city will sink faster than the titanic ever did!
Seems that new runway construction at O'Hare is unnecessary capital expense, not needed now and not needed in future. Chicago will continue to contract both demographically and economically - read Crains Chicago's in-depth article written several years ago comparing Chicago to Detroit. Chicago is on same course, just further behind Detroit's timeline for economic obsolesence. Go on the Chicago realtors' web-sites and look at the vast number of vacant homes for sale on west and south sides. There is inadequate population already to absorb all this excess (and likely foreclosed) housing. In next decade, much of this vacant housing will be demolished due to continuing deterioration of neighborhoods and housing stock.
Also note that Eastern European and Asian immigration on north-side masked fact that middle-class has mostly abandoned Chicago, with exception of city employees w/mandated city residency, and liberally-minded yuppies and statistically-small number of white collar families willing to navigate and pay for private school education.
Forbes magazine recently named Chicago the "most stressful" city for the 2nd year in a row. Designation is apt. I'd love to leave Chicago myself; don't like or appreciate living in such a political corrupt and ineptly governed place such as Chicago, Cook County, and Illinois.
A native-born Chicagoan, sad to see the ruin of what was once a great city.
"...then he wants everyone to take many days off with no pay!"
----------------
DUHHHH!!! Where do you think the money is coming from!
OK, it also coming from all the hidden TIF districts too.
The lies, oh the lies, that emanate from Chicago!
The airlines don't even want the new run ways.
11/17/2009 02:25:00 AM
That's not true. They want the new runways (will cut down delays). They don't want new terminals. Of course they don't want new terminals, new terminals will mean more room for the competition.
Give the money to bensonville just give the police the 4-2 that will shut them up. The mayor is a genius.
citizens of Chicago and surrounding suburbs.when are you going to open your eyes and see what a p.o.s. this mayor is .always blaming others for the money problems and its right there in black and white.WHERE ARE YOU GETTING ALL THIS F#@King money.but yet no money for city employees,and the ones that protect us from the animals.
Daley has this jelly jar. Sticky from all the hands that goes in there to contribute to "his" fund. Sorry guys......you'll never gonna see any of it. Do you ever listen to rich folk? They never have money! Never. They are always crying poor! Sounds like Daley's always crying poor. Hmmm...I wonder.
Lemme get all technical on you: financially speaking, O'Hare is a separate entity. The does not put its own funds into it, nor does O'Hare kick money (jobs and taxes, sure, but not operating profits or cash flow) back to the City. And O'Hare's responsible for its own bonds and other debts. FAA regulations require this.
In other words, O'Hare could be sitting on a pile of cash, and the City would not be able to access it except to pay for things at O'Hare.
OT - Another convention tells Daley F*CK YOU!
Plastics Industry Trade Show Says No To Chicago
November 17, 2009 9:59 AM
McCormick Place is losing a second key piece of its convention business within a week, as the plastics industry trade show has decided to move to Orlando for 2012 and 2015 after nearly four decades in Chicago, sources tell the Tribune.
http://www.chicagobreakingnews.com/2009/
11/plastic-industry-trade-show-says-no-to-chicago.html
hahahaha....my cousin used to live in bensonville, he paid 125k for his house and the city of chicago gave him 255k for his house, then continued to give him $1500 a month for the next 9 months for moving expences. as soon as rumors that chicago was going to buy his house he let it go to shit, so the city is paying 238k for a shell of a house and my cousin makes 113k off the city. ................fuck i wished i owned a shack out there so i could sell ti to the city and make some money....
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