$128 Million?
The NATO summit coming to Chicago later this month will give a $128 million short-term boost to the city’s economy, according to a projection released by the head of the host committee Monday.
That does not count any long-term benefits of raising Chicago’s profile.
City officials and Mayor Rahm Emanuel insisted Monday that taxpayers will not be on the hook for a single dime of the $55 million cost of the summit.
And guess who agrees this is bullshit?
Summit critics called the projection inflated and said other summits end up costing cities money when juries award protestors judgements against over-reaching police departments.
“Oh what a joke — I wish I was smoking what they’re smoking,” said Andy Thayer, an organizer with the Coalition Against NATO/G8. “You look at the history of these summits and cities usually end up paying out millions of dollars because of the excesses of city officials on protestors.”
But don't listen to Andy. How about the entire government of Canada?
- The Canadian government concluded the costs of the 2010 G8/G20 Summit in Toronto were $857 million.
Labels: events
posted by SCC at 12:03 AM
61 Comments:
Just more Kool-aid.
Fuck Andy Thayer but I believe Canada.
The Racoon thinks he is going to make himself seem like a world leader hanging out with top officials from all the NATO nations. Plenty of photo ops and hugs. The Racoon is a Legend in his own bent mind.
“You look at the history of these summits and cities usually end up paying out millions of dollars because of the excesses of city officials on protestors.”-- Frantic Andy
Camera, camera, whole world is watching, whole world is watching, lawsuit, lawsuit, lawsuit.
Andy lost his mind a long time ago -- but keep it up, a__hole. It is becoming increasingly demonstrable that Loevy and Loevy is bankrolling Thayer in the hopes of cashing in on "police brutality" cases from the civil disorder THEY ARE WORKING TO CAUSE.
>yawn<
Here's a tip for all public service workers maybe?
When you get your next check... run, don't walk to the bank and cash it before they declare bankruptcy.
Yeah, more like we've already spent $128 million on this thing... it's all borrowed money from the bankers...and we'll get the tax increase very shortly to pay it all back with interest. Where's the money coming from?
I mean really..what are 50 dignitaries going to spend $128 million on? Hookers? We understand US security only goes up to $30 bucks from what I've read so it can't be that.
"City officials and Mayor Rahm Emanuel insisted Monday that taxpayers will not be on the hook for a single dime..."
Is this thing is ALL privately funded or is the federal government paying for it?
Either way, at some point you & I are paying for it, directly or indirectly.
rb
ha, ya this city is fucked. blow it out your ass rahm. This is already known downtown...believe me. and there is going to be one person who will be rahms fall guy, gary mccarthy. he will fall after nato and rahm will look like a hero for making wysinger the new supt.. then he gets to say two things, he brought in a guy who was a chicago cop(laughable) and an African American... thus playing the political card once again. Rahm is way to predictable... just look at what he did in the first two years of obama..its the same stuff.
Now the city receives funds from the federal government. Officers we might lose our RDO's for the NATO. Can we say $$$$$$$$$$
Chicago can't afford it! Remember we're broke, unless of course Rahm has a pet project then all of sudden money appears! its amazing how that works isn't it.
857 mil Canadian is like 10.00 here isn't it???
Racoon boy is on his way out. This just could be the last term if have of the city had brains but we don't. Those in 008, 016, and 022 have an idea but the rest are clueless. Animals have taken over most of the city and it's just too late to change it back. Animals working for the city, county, and state have fudged this place. Go to detroit and see how they are, that's how we will be.
In the land of Rahm and Lori everything is all peachy and rosy.They're looking through rose colored glasses that the rest of us don't have.
They're both sort of like that Iraqi official that during desert storm insisted that their ground forces were winning the ground battle. This city is so woefully unprepared for this NATO fiasco yet in Rahm and Lori's world it 's gonna be like a picnic with parades! What could possibly go wrong??
If Lori were a spokesperson for the titanic she would've been telling passengers that it's a wonderful opportunity for a leisurely ocean swim!
Rahm's lid on the media will boil over soon. The media is as treacherous as crackhead with a pin number.They have been silent because they have been paid off,but when have you known a chosen one to continue to "pay off" or live up to a promise. It just does not happen. He is going to be living a nightmare of distain when the world catches up to SCC. True Dat.
City officials and Mayor Rahm Emanuel insisted Monday that taxpayers will not be on the hook for a single dime of the $55 million cost of the summit.
---------
Um, gee, where have we heard that before? That turned out to be total bullshit???
Sure how about IOD costs and CDTP expenses.
Here are some Occupiers in San Francisco last night: http://tinyurl.com/786klv9
A taste of things to come.
Black Bloc tactics:
http://en.wikipedia.org/wiki/Black_bloc
Photos of damage in SF last night:
http://missionlocal.org/2012/04/windows-and-cars-damaged-on-valencia-st-following-early-may-day-strike/
That number is a complete crock.
First of all - subtract ALL the money you are going to lose from people who are NOT going to come downtown who usually do. My wife put in vacation time for that whole week. (As did others)
Attitude of the people who have to work downtown? Work from home that week if you can. Keep clear from the protests and line-of-fire.
Reading all the issues here and on DSLC, we are disgusted with the way the police are muzzled and under too much political oversight by political hacks - both elected and on the side (like the Reverends)
Where is your Union leader? This shows us your union is not effective. Officer safety should be of paramount importance - if not from the police superintendent and staff, at least from the union perspective. All we see are rank amateurs.
Let Chicago burn. Maybe then people will wake up and demand better leadership.
Sounds like the same BS from having Glendale, AZ host the Super Bowl.
xx dollars in income added to the local economy - XXXX dollars in security costs drained from the local economy.
Pensions? Who cares. The dollar will be worthless. The country will implode like the Soviet Union did years back. Bankruptcy looms around the corner for this country.
U of Chicago has a noted economics department, yet no one in city government knows the difference between net and gross?
City of Chicago to announce massive work rule changes for union workers today. CPD and CFD on deck.
Just wanted to share this with "Chicago's finest".
http://www.theblaze.com/stories/a-look-at-the-leaked-nypd-memo-regarding-may-day-wildcat-march-violent-black-bloc-tactics/
City officials and Mayor Rahm Emanuel insisted Monday that taxpayers will not be on the hook for a single dime of the $55 million cost of the summit.
---------
Um, gee, where have we heard that before? That turned out to be total bullshit???
And let's not forget the Michael Reese property that we are on the hook for. We didnt get the Olympics but we are paying and will pay for a long time.
From far down the 'blog --
HEALEY'S "PROFIT PROJECTIONS" INCLUDE ALL THE EXPENSES FOR NATO!
What the hell kind of business spends 95 cents, makes 5 cents, and claims that they made a dollar?
NATO summit's economic impact questioned
Economist says host panel's projection of $128 million in spending is overestimated
By Jeff Coen and Kathy Bergen, Chicago Tribune reporters
May 1, 2012
"The Chicago host committee for the NATO summit said Monday that the event would be a bigger economic boon than some of the city's best-known trade shows, but the rosy projections include what the government and corporations are spending to put it on.
"Organizers have long promised that the May 20-21 event will be a financial win for the city despite any threat of disruption from protesters. To bolster that case, they released a 15-page study from an accounting firm that projected the total economic impact would be $128.2 million.
"The Chicago NATO host committee released the estimate as its executive director, Lori Healey, was addressing the City Club of Chicago at a downtown luncheon.
"This is a tremendous return on an investment that does not cost the taxpayers anything," Healey [lied].
"The federal government [taxpayers] has promised $19 million toward the cost of putting on the summit. Private donors — including some of the area's biggest companies — have pledged to cover the rest of the $55 million price tag, including any additional local government costs...
"University of Chicago economist Allen Sanderson said the study's conclusion is a gross overestimate. As an example, it likely underestimates the loss of other tourism and business travel that weekend, he said.
"Economic impact studies largely are public relations documents," Sanderson said. "They are not some academic study in molecular biology or nuclear physics."
"Healey said the study did take into account possible damage from demonstrations and potential business disruption, but she did not give a dollar figure and none was included in the study.
http://www.chicagotribune.com/news/local/ct-met--nato-economic-impact-0501-20120501,0,3040978.story
Ugly pic of Lori Healey here; looks very uncomfortable being called to account for her nonsense. Put the screws on them, they just repeat and repeat themselves. It's all an article of faith.
Brain lock.
And don't forget those generous, civic-minded corporations who donate so much.
Emphasize, remind all, this is at no cost to the taxpayers.
So we're to assume that these corporate titans reach into their own deep pockets to appease the master.
The consumer pays the price, just adding to the rise in inflation.
Anybody see a real raise in salary anymore.
Just be satisfied to have a job.
Don't ever forget the fact that security would be stretched so thin that they pulled all the important people out, meaning the G8 folks. Also remember that the National Guard is providing travel security, not the CPD.
If every tourist attraction downtown has to close for the safety of its employees and guests (and the fact that federal security lockdown prevents any guests from even accessing museum campus, etc),
then where the hell is this economic boost coming in? Pretty much exclusively at the Hyatt McCormick Place is my guess.
Anonymous said...
857 mil Canadian is like 10.00 here isn't it???
5/01/2012 01:24:00 AM
=====================
Once upon a time it was. Not anymore. Not since the bankers busted out the economy
On May 1, 2012,
$857 mil. Canadian Dollar(s) =
$871.02 mil. U.S. dollar(s),
at an exchange rate of 1.0164 (using nominal rate).
http://www.bankofcanada.ca/rates/exchange/daily-converter/
Not sure what the exchange rate was during their summit though. I'd be surprised if it was more than a few cents plus or minus the US dollar.
I see loop people saw a small warm-up protest today, way to go and test the city for next 30 days. If this is a piece of cake, we will see how things will heat up with 10 to 50 thousand idiots rolling through downtown.
Oh yeah. really?
Let's follow the money trail.
Let me give you just one example on how this IS costing the taxpayers.
---
"Healey’s committee has raised $36.5 million from corporate donors and identified $19.1 million in federal security grants to cover the cost of hosting the May 20-21 summit.
“Taxpayers will not pay anything for the summit — That’s why we raised private money and I secured the federal money,” Emanuel said.
http://www.suntimes.com/business/12228572-420/study-nato-summit-to-give-chicago-a-128-million-boost.html
---------------------------
Who ya kidding mayor? The taxpayers are already paying the price!
So let me ask you where are the corporations getting the money to donate to this NATO party?
STOP BULLSHITTING THE PEOPLE MAYOR!.
Caterpillar is one of those private corporate donors.
And guess what happened early this morning?
JOLIET — Seven hundred eighty machinists went on strike at the Caterpillar Inc. plant in Joliet at 12:01 a.m. Tuesday after union members rejected a contract Sunday that provided no increase in pay while requiring employees to pay more for health care.
***
About 94 percent of the members voted against it," he said.
The contract would have maintained wages at present levels for six years without any cost-of-living increase, Jones said, while "health costs would increase two-and-a-half times over the six-year contract."
"Caterpillar also looked to take away union rights with major cuts in union seniority rights.
"Essentially, Caterpillar is making record profits, $1.5 billion in the first quarter. They made a $4.9 billion profit last year, and their CEO received a 42 percent increase in compensation, but they're taking away from the workers," said Jones, adding that the union stood ready to continue contract talks at any time.
http://www.pjstar.com/news/x206667427/Cat-workers-in-Joliet-plan-to-strike
Hmmm, some might conclude that Cat is taking the money away from 870 IAM union workers to fund this NATO donation bullshit.
We're losing tax revenue with this strike already.
Freezing these workers raises and we lose even more revenue down the road. Forcing the workers to pay more for their own healthcare takes even more money out of the economy. Disposable income goes down as a result. So does tax revenue. So does the trickle down.
So what does the average Illinois taxpayer gain from this?
ZIP!
NOW. I challenge the media or anyone to go right down that published list of corporate donors and let's see how much of this donated NATO money is coming out of the workers paychecks, the taxpayers, and benefit cuts or from layoffs taking money out of the economy not putting it into the economy.
The CME Group is on the list we just gave them huge tax breaks to. Same goes for Sears and for Motorola solutions. So if they kick back a few mil. from their $100 mil tax breaks it creates a nice illusion eh?
The Host Committee also unveiled its official website, which includes the list of donors;
( www.chicagonato.org ) however, the amounts each company donated will not be revealed until June, according to Jen Martinez, a spokesman for the committee.
Donors: UPS; Walgreens; Wal-Mart; AECOM; Allstate; Corning; DLA Piper; Edelman; Grosvenor Capital Management LP; McDonald's; John Buck Co.; Joseph Freed Associates; Honeywell; ITW; JP Morgan; Raytheon; Citi; Duke Energy: FedEx; Health Care Service Corp.; Baxter; BMO Harris Bank; Chevron; CBOE; United Airlines; GE; Motorola Solutions; Pepsico; Caterpillar; CME Group; Exelon; Abbott; AT&T and Boeing Corp.
And with regards to the $19 mil. in Federal money IT'S TAX PAYER DOLLARS IDIOT! who are you kidding?
Anonymous said...
"City officials and Mayor Rahm Emanuel insisted Monday that taxpayers will not be on the hook for a single dime..."
Is this thing is ALL privately funded or is the federal government paying for it?
Either way, at some point you & I are paying for it, directly or indirectly.
rb
5/01/2012 12:49:00 AM
EXACTLY!!!! The Koolaid Kid says that federal grants are going to pay for some of security the costs, not the taxpayers. WELL, what the fuck does he think "federal grants" are? They're tax dollars ya fuckin' racoon!!!! Can I have another cup of koolaid please? > gulp gulp<
Wait until all the property damage and lawsuit totals are in then we'll be completely in the red! Does Rahm and Lori think we're that naive? Wait then again the sheeple voted this asshole in.
Absolutely no doubt in my mind in the end the taxpayers are gonna get hosed on this.All because Rahm and his enormous ego wanted this NATO fiasco. Remember his quote " it's like the Olympics but easier to get!"
Hey asshole why do you think it's easier to get??
Because nobody in their right mind wants anything to do with it!
Thank God for short attention spans.
It's like watching a money laundering operation.
They'll give this and that corporation a $100 million dollar tax break so that the corporation can return some of that money as a donation to a NATO party and act like that they are doing the taxpayers a favor -- and we'll tell the taxpayers that it's not costing them a dime.
Sears got $128 million, CME Group's estimate is $85 mil/year. Motorola got $100 million in tax breaks all to create jobs right?
So that's over $300 mil right there.
If these companies kick back 10% for NATO that pretty much covers the alleged corporate NATO donations at the taxpayers expense.
We won't know how much of that tax break money was kicked back as a NATO donation until the Host committee publishes the numbers in June or July though.
Funny how in this day and age of high speed computers with sub-second real-time processing power makes it impossible to track and publish those donations real-time isn't it?
http://articles.chicagotribune.com/2011-12-12/business/chi-house-revenue-committee-oks-deal-to-keep-sears-cme-in-illinois-20111212_1_income-tax-tax-break-package-tax-relief
Federal dollars are TAXPAYER money Rahm. You dumb Fuck.
5/01/2012 02:55:00 AM
Anonymous Anonymous said...
If Lori were a spokesperson for the titanic she would've been telling passengers that it's a wonderful opportunity for a leisurely ocean swim!
5/01/2012 03:25:00 AM
Yes....and she would also have said....(as the ship sailed toward the iceberg).....hey! we'll have plenty of ice for our drinks!...now, strike up the band!..
City officials and Mayor Rahm Emanuel insisted Monday that taxpayers will not be on the hook for a single dime of the $55 million cost of the summit.
------------------
The police pension fund can make an investment of $55 million in the riot. Then they can take the $128 million the riot makes and invest it back in the pension fund. This will be a net increase to the pension plan of $73 million.
See, Rahm has your backs.
No, No, that's the truth!
Chicago WILL realize $128,000,000.00 boost in the economy.
After taxes, skimming, paybacks and outright theft, we'll have $12.00 left over. Keep it quiet though, Eddie Burke will buy two cigars with that cash cow.
How do you think these anarchst and anti govt groups fund themselves other than fat donations from George Soros? They gather a crowd, incite violence, force the Police to respond to that violence, then video the arrests, use selective editing to portray that the Police over reacted, post said video on the web where it goes viral and taints any possible jury and then sue the City using their squad of "pro-bono" lawyers. Dont be fooled, while the rank and file rioter is just some dope smoking looser, the people organizing these groups (occupy, CAN/G8, etc) are out to make big money on this protest.
Over reaching departments???! Spoken like a true asshole who has never been in the middle of the thrown shit and piss.
4228 N Hermitage...happy May day racoon!
i'm sure NOONE is volunteering thier time
have to pay for that
vehicles have to pay for that
and those meeting areas that have to be paid for
remeber
"Nobody Whiffs for Free"
some where there is a bottom line that will be paid for
besides i'd believe the man in the moon before i believe rhambo and McBlow
Well.......Yeah .... But.... a..... but... that was $857 million CANADIAN dollars!
@ 01:24.... The Looney is stronger than the US dollar! I used to go fishing in Canada all the time for walleye and the would take us dollars gladly. Now I have to exchange currancy before hand!
$55 million is chump change when it comes to scamming the tax payers in this state. Just take a look at what happened to tiny little Dixon IL.
Dixon city ex-comptroller, Rita Crundwell, stole $53 million in public funds: Feds
Read more: http://www.nydailynews.com/news/national/dixon-city-ex-comptroller-stole-53-million-public-funds-feds-article-1.1070937#ixzz1tfcRmbZH
Tiny little Dixon Population 14,953 - Jul 2009 Source: U.S. Census Bureau
http://www.google.com/search?q=dixon+illinois+population&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-beta
We can only imagine the money that one could find if a proper audit was done.
LMAO - Where's president Obama?
Obama in Afghanistan: New day on horizon,
Yeah (They/he) "flew to the back" as that Iraqi information minister once said when talking about American troops during the US invastion, fled the country and is likely sitting in a safe house in Afghanistan somewhere so he wouldn't get "mic-checked" while trying to put out propaganda about NATO's success here.
The trip also provides a nice diversion from the social unrest of the day across about 115 cities that are putting on a Mayday protest don't you think?
I'll tell you what.
If the NATO dignitaries want to boast about the success of their actions in Afghanistan then let them hold their summit there in Afghanistan since it is now so safe and secure. Back up your words with your actions that's all.
Well let's give them the benefit of a doubt for just one second...just one.
Should they pull in $128 million in TEMPORARY profits until the bills roll in a few weeks later.
THEN
They can pay for the $100 million dollar lawsuit against the city and CPD with that money -- that the City has been tying up for two years in the courts enriching all their lawyer friends on the taxpayers dime via the process.
What suit? This one
City seeks gag order to keep Christina Eilman's family from speaking to media.
The family of the California woman has blamed the city's legal maneuvering for dragging out the lawsuit, which seeks as much as $100 million for the devastating injuries Eilman suffered after police released her into one of Chicago's highest-crime neighborhoods. She was sexually assaulted and fell from the seventh-floor window of a public housing building.
http://articles.chicagotribune.com/2012-04-30/news/ct-met-police-lawsuit-eilman-0430-20120430_1_gag-order-trial-date-ruling
That's just one f--k-up that may cost $100 million and let's say they settle for just half. Now how many Christina Eilman's are we going to create during NATO. Yeah blame Leovy and Leovy for chomping at the bit but you can bet your azz that the lawyers on the cities side are preparing to put that down-stroke on a new Mercedes or something too.
Yeah I know.. sit down and shut up right?
Andy Thayer, full time Anarchist and Terrorist, says the FBI set up those poor slobs who were going to blow up a bridege in Cleveland Ohio. These Einsteins would have blown up that bride with innocent motorist if they had real explosives. Fortunate the FBI had an informant and strung these assholes along up until the very end. These bad boys were coming to Chicago after their evil deed to play terrorist for the NATO conference. Why are these bastards allowed to be breathing.
My office near Wacker and Michigan will be closed that Friday and Monday due to the chance of violence and transportation disruptiion. That's 600+ people who won't be spending downtown. I wonder if the lost productivity is included in the gain.
My office near Wacker and Michigan will be closed that Friday and Monday due to the chance of violence and transportation disruptiion. That's 600+ people who won't be spending downtown. I wonder if the lost productivity is included in the gain.
"...gather a crowd, incite violence, force the Police to respond to that violence, then video the arrests, use selective editing to portray that the Police over reacted, post said video on the web where it goes viral and taints any possible jury and then sue the City using their squad of "pro-bono" lawyers. Dont be fooled, while the rank and file rioter is just some dope smoking looser,[sic] the people organizing these groups (occupy, CAN/G8, etc) are out to make big money on this protest."
--5/01/2012 04:04:00 PM
Yes, Andy, we know, we know, WE KNOW. You've posted this about 800 times here, you are one of the organizers, and you're looking for that big payout to your employer, personal injury law firm Loevy and Loevy.
Good to know that you intend to incite violence.
Going to repeat this 800 more times, too.
OT: Woo Hoo! We made the "Top Ten of the Worst" in ANOTHER category!
No. 6 Chicago O’Hare (ORD)
The best feature of O’Hare is its public transportation to and from the airport (with a score of five out of 22). It ranked 17th for design, cleanliness, and location. The overall check-in and security experience came in with a poor showing of 17, while a reputation for snarled flights and stormy winter weather resulted in a ranking of 21 out of 22 for delays.
http://travel.yahoo.com/ideas/america-s-worst-airports.html?page=2
"Andy Thayer, full time Anarchist and Terrorist, says the FBI set up those poor slobs who were going to blow up a bridege [sic] in Cleveland Ohio."
--5/01/2012 08:58:00 PM
Frantic Andy doesn't matter. Everyone has a TV, you know?
The FBI says that it was a sting. They let the men plant the "explosives," punch an activation code into the timers...and then grabbed them.
...and there it is.
"Yeah I know.. sit down and shut up right?"
--5/01/2012 08:46:00 PM
You are very slowly getting the idea.
"$55 million is chump change when it comes to scamming the tax payers in this state. Just take a look at what happened to tiny little Dixon IL."
Richard M. Daley stole more than that from Chicago during his reign of terror.
What he didn't personally take, he gave to friends & relatives.
He left the city a broke-ass dump.
It's the Daley Legacy!
"The Koolaid Kid says that federal grants are going to pay for some of security the costs, not the taxpayers. WELL, what the fuck does he think "federal grants" are? They're tax dollars"
NO ONE in the media is smart enough to ask about this?
No one?
Of course, it's in their interest to have protesters, mayhem and violence. It gives them something to report and subsequently sell advertising.
"Rahm's lid on the media will boil over soon."
No. Look how long it's taken them to report Daley's pension tomfoolery and they also waited until he was out of office to really let go on the Vanecko murder scandal.
"The media is as treacherous as crackhead with a pin number."
LOL! That's true!
Wow that's a lot of Police... Oh. Thats dollars. Sorry. I thought Rahm and McMath were saying that's how many police they put back on the street. Either way they are full of shit...
"I see loop people saw a small warm-up protest today, way to go and test the city for next 30 days. If this is a piece of cake, we will see how things will heat up with 10 to 50 thousand idiots rolling through downtown."
--5/01/2012 12:55:00 PM
Yeah, big "test," right. More of this happening in Andy's mind than anywhere else.
See how Occupy leaders regard their followers? "Idiots."
There's a lesson there.
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