There Goes More Money
- Yesterday was a banner day in the city's effort to waste more property tax dollars on dreadful tax increment financing deals.
In this case, the city sent roughly $1.3 million—the first of many such payments, mind you—to one of the world's largest privately held medical supply companies in exchange for the Michael Reese Hospital property.
A property that apparently nobody else wanted.
My guess is that Mayor Emanuel didn't mention this in any of his daily press releases because there was just no way his media team, as nimble as it is, could possibly spin it into good news—though it would be fun to watch them try.
- I might as well mention that some of Medline's principals have been generous contributors to Mayor Emanuel's election campaigns. Another thing you won't read about in a mayoral press release.
By the way, Michael Reese is a few blocks south and east of the site where Emanuel plans to spend another $55 million in your property tax dollars buying up land for a Marriott hotel and DePaul basketball arena.
You'd think that the mayor would just use the Michael Reese site—which the city already owned—for his South Loop real estate dream.
But instead he's spending more property tax dollars to take more property off the tax rolls, meaning your property tax bill will go up to compensate for the taxes we aren't collecting from of the South Loop site.
Go read it all while you figure out a new way to make cat food palatable.
Labels: money questions
posted by SCC at 12:01 AM
25 Comments:
What is Valarie Jarret's part in all this real estate dealing, and how does she benefit?
Government spending will keep the economy going.
And how about that Eric Holder eh?
After not prosecuting any of the big Wall Street Investment bankers for their frauds Eric retires from his public position with his public pensions and is rewarded by the people he served and protected.
Eric Holder is going to work for JP Morgan for $77 million a year I've read!
It's the Chicago Way!!! Reward your friends with tax dollars and fuck the taxpayers.
Hey, it's only money! The mayor was in a generous mood. He promised free tuition to CPS "honor students" who enroll in the City Colleges of Chicago.
Never mind the fact that sixty percent of the City College classes are taught by part-time instructors who have not had a collective bargaining contract in two plus years.
Rahm also wants illegal immigrants to enroll at the City Colleges gratis.
Based on current tuition costs, the mayor's reelection gesture will cost about $11,000.00 per student, assuming that the scholars attend college for two years.
The academic requirements for the tuition waivers seem to be awfully lax and everyone will be pushing the teachers to issue easy "A's" and lazy "B's."
Why cant there be a law that says fund the pension before spending. Wtf. Oh I forgot its for the children.
I hope everybody goes out and votes this asshole out of office. Fuck, I thought Daley was bad. This guy is Daley on a couple of cycles of roids.
Try the cat food with a little garlic.
having been in the underground tunnels of micheal reese property when it was a hospital on its deathbed, all I can say is, there must be a lotta nasty scary stuff buried there....have fun with that!
There better be a special place in hell for that little piece of excrement!
"Emanuel plans to spend another $55 million in your property tax dollars buying up land for a Marriott hotel..."
ANOTHER one? I think the city gave away $20 million for the one in Hyde Park.
Why don't the Pritzkers, some of the richest people in the world, buy their own land?
"Them as has, gits."
Hey, it's only money! The mayor was in a generous mood. He promised free tuition to CPS "honor students" who enroll in the City Colleges of Chicago.
Never mind the fact that sixty percent of the City College classes are taught by part-time instructors who have not had a collective bargaining contract in two plus years.
Rahm also wants illegal immigrants to enroll at the City Colleges gratis.
Based on current tuition costs, the mayor's reelection gesture will cost about $11,000.00 per student, assuming that the scholars attend college for two years.
The academic requirements for the tuition waivers seem to be awfully lax and everyone will be pushing the teachers to issue easy "A's" and lazy "B's."
-----------------
Will Dean Sr. and Jr. become department chairs at the City Colleges of Chicago making buko bucks when all the dust settles?
Vote No please. It's a horrible deal for PO's.
Hey, it's only money! The mayor was in a generous mood. He promised free tuition to CPS "honor students" who enroll in the City Colleges of Chicago.
For those out there with at least two working brain cells, you know that nothing in life is free and that Chicago politicians RARELY keep their promises.
There will be costs such as books and essential materials, teacher salaries to name a few. And with each "free" student filling a seat, that takes away one "paying" student.
Then we have City Colleges Chancellor Cheryl Hyman who put the cost of the program at $2 million in its first year.
But Cheryl, it's a FREE program. How can you put a cost to it?
If there is a cost attached to this then it's not FREE and someone will have to pay for it.
Now, who will that be I wonder?
Fuck, I can't even afford to fee the cats. Will there be anything left of us working stiffs before he is gone?
This may seem like a pussy talking, but I did 16 combat tours during the course of my career and for the first time I am really worried about what is going to happen to my family, we cant afford to move, but we sure as shit cannot continue to live here. Got hell Mr.Mayor!
Airborne All The Way!
cat food aint so bad as long as you can afford loosiana hot sauce
Medline buys the property for 24
million and sells it to Daley for
91 million, that's better than the
indians unloading Manhattan Island
for a few beads and trinkets.
Excuse me but is'nt City College
tuition already free to students
residing within the Chicago city
limits ?
"Go read it all while you figure out a new way to make cat food palatable."
---
Give it to your cat. Hone your shoplifting skills and get the bags of tuna fish, small, thin, full of good protein. The favorite in jail among the weightlifters. Those jail muscles? Pure bagged tuna.
Anonymous said...
What is Valarie Jarret's part in all this real estate dealing, and how does she benefit?
10/03/2014 12:20:00 AM
Where is Tony Rezko now?
And dont forget the other Eric (CANTOR) who lost his primary, resigned and got a Wall Street investment job paying several million a year and wanted to keep the th %700k in his re-election account. There is never enough for the greedy pigs.
NOBODY want Michael Reese, too far from the loop and too close to shitsville.
Anonymous said...
Medline buys the property for 24
million and sells it to Daley for
91 million, that's better than the
indians unloading Manhattan Island
for a few beads and trinkets.
10/03/2014 11:13:00 AM
Really? Better? $24 million to $91 million is better than buying the entire island of Manhattan, now worth untold billions, if not trillions, for $24 dollars worth of junk?
Wanna' buy a bridge?
Anonymous Anonymous said...
Fuck, I can't even afford to fee the cats. Will there be anything left of us working stiffs before he is gone?
This may seem like a pussy talking, but I did 16 combat tours during the course of my career and for the first time I am really worried about what is going to happen to my family, we cant afford to move, but we sure as shit cannot continue to live here. Got hell Mr.Mayor!
Airborne All The Way!
10/03/2014 09:57:00 AM
16 combat tours? Come on, I never met anyone who claimed 16 combat tours. That would be like continuous combat from age 18 to 40 with just a little R&R in between. Was that a typo or are you exaggerating just a little too much? Or are you the guy from 019 who used to claim he was the world's greatest Marine except he had no proof at all he was ever in the Marines.
Give, give, give to the Pritzkers -- this is what you get back.
Marriott fined $600,000 by FCC for blocking guests' Wi-Fi
Updated 1:16 AM EDT, Sat October 4, 2014
"(CNN) -- Think hotels are deliberately blocking your personal Wi-Fi networks so you'll buy theirs?
"No, it's not just a conspiracy theory. It turns out the federal government is concerned about it, too.
"Marriott has agreed to pay a $600,000 fine after the Federal Communications Commission found the company blocked consumer Wi-Fi networks last year during an event at a hotel and conference center in Nashville.
"At the same time, Marriott was charging exhibitors and others as much as $1,000 per device to access the hotel's wireless network, the FCC announced Friday..."
http://www.cnn.com/2014/10/03/travel/marriott-fcc-wi-fi-fine/index.html
Anonymous Anonymous said...
Give, give, give to the Pritzkers -- this is what you get back.
Marriott fined $600,000 by FCC for blocking guests' Wi-Fi
Updated 1:16 AM EDT, Sat October 4, 2014
"(CNN) -- Think hotels are deliberately blocking your personal Wi-Fi networks so you'll buy theirs?
"No, it's not just a conspiracy theory. It turns out the federal government is concerned about it, too.
"Marriott has agreed to pay a $600,000 fine after the Federal Communications Commission found the company blocked consumer Wi-Fi networks last year during an event at a hotel and conference center in Nashville.
"At the same time, Marriott was charging exhibitors and others as much as $1,000 per device to access the hotel's wireless network, the FCC announced Friday..."
http://www.cnn.com/2014/10/03/travel/marriott-fcc-wi-fi-fine/index.html
10/04/2014 11:50:00 AM
Las Vegas is a major violator of this, too. Virtually impossible to use a personal network there and many of the hotels still charge for Wi-Fi.
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