New Ferris Wheel?
This just seems like a bunch of nonsense - tear down a perfectly good attraction to build one 50 feet higher?
- Navy Pier's Ferris wheel, an icon of the Chicago lakefront, will be dismantled this fall and replaced by a taller ride featuring temperature-controlled gondolas that will be ready in time for the pier's 2016 centennial.
Pier officials and Mayor Rahm Emanuel were set to announce Tuesday that the new wheel will rise to a height of 196 feet, almost 50 feet taller than the current wheel. Still, the new wheel will be 68 feet shorter than the original Ferris wheel, which was built for the 1893 World's Columbian Exposition in Chicago.
The pier's new Ferris wheel also will not compete height-wise with others that have sprung up worldwide in recent years — such as the 550-foot-tall High Roller that opened last year in Las Vegas.
The Ferris wheel will cost $26.5 million, which includes construction and landscaping, said Nick Shields, a spokesman for Navy Pier Inc. Pier officials said public funds were not used to purchase the Ferris wheel, which has been privately financed by a loan from Fifth Third Bank to Navy Pier Inc. Shields declined to specify the terms of the loan.
Won't specify terms? Isn't this a public official speaking in a public capacity? That means that somewhere, somehow, someone is getting their palms greased and taxpayers are backstopping the terms down the line.
Labels: dumb ideas
posted by SCC at 12:31 AM
74 Comments:
"Pier officials said public funds were not used to purchase the Ferris wheel, which has been privately financed by a loan from Fifth Third Bank to Navy Pier Inc"
But public funds will be used to repay the loan? Unbelievable. Navy Pier officials really do think the media and the public are stupid.
We can find money for stadiums and ferris wheels, but the city is broke! Broke, I say!
There's been a lot of public debate about how the Pier Authority was allowed to conduct their business privately. The whole thing stinks to high heaven, so let's build a new wheel because somebody needs a new yacht. The old one is so 2005, you know.
They just don't build things these days like they used to. Be sure someone is getting some big kick backs from this. Funny you would think those millions of dollars would be better spent going into the CPD pension fund.
I dont know how to get a new question posted on here. But can u please find out what other coppers are doing for neck tattoos??? My neck is raw from bandages! Mine arent covered by shirt and tie! Bought makeup! Doesnt work!
"The pier's new Ferris wheel also will not compete height-wise with others that have sprung up worldwide in recent years..."
Short on size, but not short on cost, no doubt.
rb
You should give this thread a headline, SCC. My brain almost exploded just now because I thought for a moment that this web address was redirecting me to a different blog!
More bullshit and "busyness" from Rahm...
>Squinting over a flunky's shoulder while pointing at a far away
God-Knows-What that only HE has the "vision" to see<
Vogue-ing little vulgar shit-ass...
Burning as much money he can to make a case for
"being broke" as a prelude to making that lawfully mandated
balloon payment to our pension.
Nothing better to do.
With everything this city needs -- nothing better to do.
Crazy man in charge, huh?
Like a fox..."The Ferris wheel will cost $26.5 million." Shouldn't be too hard to run that into $265 million by the time it's done.
Thanks to the cop who wrote all the cars in the park district lot a ticket after attending a promotional party.
Build it aand they won't come.
-Not Roy Kinsella
A few muggings and murders at the Navy Pier, and it won't matter if it's the biggest Ferris Wheel in the world, people will not come to Chicago to die.
Nick Shields is Mike Shields cousin. All makes sense now. If this doesn't tell you what's what then you're beyond help.
Hey Deano did Rahmulus promise you the "wheel master" job if you kept your mouth shut on the pension issue? Or is it payback for issuing your "non-endorsement" despite having a membership poll? Either way, this will be a perfect position for such an educated man. Why can't you demonstrate to the media & public that when Rahmulus cries that there is no money for the city's pension payment we are spending money on a Presidential library or an extravagent Ferris wheel. I guess that would be too difficult for you to eloquently explain, Dr. Deano.
Education, The Bottomless Pit Department --
While bigger and better Ferris wheels "with temperature-controlled gondolas" rise against the skyline...
Cash-strapped Chicago Public Schools set to borrow hundreds of millions -- Chicago Public Schools projected to run out of cash as early as this summer, a report by Ernst & Young says.
"Chicago Public Schools officials are set to authorize $200 million of new borrowing to manage a cash crunch through the end of June while also taking out a separate line of credit to borrow nearly a billion dollars to get through the coming fiscal year.
"Those measures, set for a vote Wednesday by the Chicago Board of Education, represent short-term fixes that officials acknowledge won't solve the district's ongoing financial crisis....
http://www.chicagotribune.com/news/ct-chicago-school-borrowing-met-20150622-story.html
"public funds were not used to purchase the Ferris wheel"
No, but public funds will be used to pay back the loan at about 18% interest. What a bunch of phony baloney sons of bitches. I bet the old ferris wheel gets sold for $1 to the Vanecko, Thompson and Daley Old Ferris Wheel Company.
Want to know where your pension funding went to?
Come on and take a ride on the new, improved Ferris Wheel we just bought.
To go out and buy something like that, when the City, County AND State are flat broke, tells me they don't need any new taxes, they need to cut spending.
If your neighbor, who tells you he is flat broke, all of a sudden pulls up in a brand-new Mercedes S-Class, you ask yourself, "How did he do that?" You can't keep spending what you don't have.
The big difference is that when your neighbor can't pay the bills, the car is repossessed and towed away. Too bad they can't do that with the Ferris Wheel.
Pension crisis
CPS financial crisis
State financial crisis
And, they just keep spending money!
WTF
WILL SOMEONE PLEASE TAKE RAHM'S CHECKBOOK AWAY!!!
But no money for pensions. Go to hell Rahm.
Ummm, pension?
"someone,somewhere,somehow is getting their palms greased" which is exactly why the FOP should hold the city's feet to the fire and demand that the money owed to the pension fund be paid in the exact amounts required by law, not this nonsense of kicking the can down the road and relying on a casino. These people are politicians which by the very definition of that means they can't be trusted. And yes, I understand that the Pier is a private corporation (cough cough).That's why all the executives there are connected somehow,someway to the machine.
They have money for the most ridiculous things. But no money when comes time to paying their bills unless the bill is owed to a connected guy. Iy is said that corruption costs the taxpayers in northern Illinois at least 500 million dollars a year. And when they say that they ain't talkin about Rockford.
$26.5 MILLION...For something we already have!
Don't tell me taxpayers will not be on the hook for this and there won't be cost overruns. The Ferris Wheel we have is fine and on a good size scale for the park that it is in.
I'd much rather see that $26.5 Million go to dig 26.5 GALLON capacity for deep tunnel so our basements and streets won't get flooded with sewerage.
The can call the new dug THE RAHM SHITHOLE.
You can bet your pension (if there is still one to bet) that the 26.5 million figure will at the least double in cost
Corruption with a Ferris wheel. Only in Chicago.
No keeses for them!!!!
Back in 2010 the IL General Assembly privatized Navy Pier so they don't have to share any financial info or respond to any FOIA request. A bunch of connecteds who used to manage the publicly run Navy Pier got big pay raises to do the same job for the private Navy Pier. Mike Madigan rammed the whole deal through in a day with no debate. And as the screw-the-citizens cherry on top of this mess the company selected to run the private Navy Pier was formed one day before the contract was awarded and is owned by John Schmidt, Daley's former chief of staff.
I wrote a longer piece on this last year with links to the supporting documents which can be read here:
http://www.beachwoodreporter.com/politics/how_a_country_club_hills_emine.php
Lets not forget the Pier is its own form of government and receives taxes!
The greedy pricks will use the cash just to spend it. The goofs were given the heads up to spend all the cash in the reserve because the casino will probably be near McCormick place. The more that is spent the less that would go into the pensions!
Remember it is what is earned in profit that would be siphoned back into the police pension per DEAN the dream. So the trick, make no profit for year just like how the Schools have run out of cash but have 10's of millions in real-estate sitting vacant!
I thought Rahm said Chicago was broke? Oh, I guess not for Ferris wheels.
So a private company builds a Ferris wheel on public land and they don't have to disclose anything. All of this stuff is so nauseating. I wonder who steals more, the folks on the link cards or the rich insiders on their own version of link cards?
Will there be accolades by SCC for Johnny Oduya and his CPD Memorial Cap at the Rally?
Financed by a LOAN? How will that not be paid back out of public funds? It's just pencil magic - nothing to see here.
But, but..."It's for the children!"
Da Shit Clouted ChIraq Way
This is the attitude that says hey More Sgts are better than more POs
-And Fuk the Pension
Throw Money Away Whos Cares We're Broke Anyway
Bad Management by Bad LEadershit
The Ferris wheel will cost $26.5 million, which includes construction and landscaping, said Nick Shields, a spokesman for Navy Pier Inc. Pier officials said public funds were not used to purchase the Ferris wheel, which has been privately financed by a loan from Fifth Third Bank to Navy Pier Inc
And yet 'ol Rahm will stand there, with his pockets pulled out and cry the city is broke and can't afford to fully fund our pensions.
And how about the new tennis facility going up on the old Robert Taylor Homes site? 9.8 million? But of course, NO PUBLIC FUNDS (nudge, nudge, wink, wink) will be used to build it.
Check out the article over at channel 5 web site........
"The founder of XS Tennis, Kamau Murray, helped convince Emanauel of the need for the world-class facility on the South Side."
I wonder how much he contributed to Rahm to get this sweet deal.
But the best line in the whole article was...."Minorities are very interested in tennis, they just don't have access to it," Murray said.
Seriously?
That must explain why our mayor closed so many Public Schools and then had Charter Schools open up on the old sites. Minorities are very interested in getting an education but they didn't have access to it.
Ya. I'm sure "minorities" will flock to the new facility and take up tennis as an alternative to their current leisure activities.
Now, if they really want to make a difference, they will help the transition to tennis by providing free tennis rackets with pistol grips. That way, the tennis racket will have that familiar feeling.
/sarcasm
What about the political hack running security? Wants his men in uniform @ $16 an hour. They would feel safer in riot gear with the shit walking around the pier in the summer months.
The Pier needs to look nice when the rats invade and punch people and knock down women again. 4th of July should be the usual sh**show.
Welcome to the new Fifth Third Pier.
Cause Maggie Daley Park needs some cover scandal
City's broke can't fund pensions. Piss some more money away. Anyone surprised
Somebody is owed something. Perhaps the money that is being used for this nonsense is coming from the end violence campaign that Michelle Obummer helped organize. They raised like $40 million and used maybe half if that.
Ferris Wheel of Fortune.
Another cash cow for all the insiders waiting to take their turn for a few tugs on the udder.
The City just keeps piling up the infrastructure projects, we know you can account for every nut and bolt.
It's just silly-silly-silly to think this City is going broke, imagine getting a loan when your credit score is way less than average.
$26.5 million!!!! For a f#*$ing Ferris Wheel...? Really?
to 1.11 am,,,,,,save up, put it on your Visa card , get a loan and see the laser tatt removal people.
i'd like to know if the cfd has a ladder or tower truck big enough to reach the top if it ever gets stuck?
Pitchforks, and Torches people....Until then, this is the new Norm.
Tom Skilling for mayor. Lets get rid of 9.5
"Chicago Public Schools officials are set to authorize $200 million of new borrowing to manage a cash crunch through the end of June..."
6/23/2015 03:09:00 AM
It's June 23rd.
How the hell can you burn through $200 million dollars IN ONE WEEK?
If anyone can do it, the talent is right here in Chicago...
Anonymous Anonymous said...
Thanks to the cop who wrote all the cars in the park district lot a ticket after attending a promotional party.
6/23/2015 02:35:00 AM
Thanks to the cop that thinks he's above the rules. 50 bucks please.
But wait!! Here it is, boys and girls!!! The city will charge $100 per person to ride it, and all the money collected will go to police pensions!!!!!!!!!!! NOT!!!!!!!!!!!!!
The new Ferris wheel will have climate controlled seating with bulletproof glass. Just saying...
And more people will flock in droves just to try the new improved ferris wheel.....
Thanks to the cop who wrote all the cars in the park district lot a ticket after attending a promotional party.
6/23/2015 02:35:00 AM
Give those tickets to the guys who's ass you were kissing. Maybe he can take care of them.
Time to repay those who contributed to the campaign.
Brian Murphy cpd, dwm now comes of mcpier!!!! Wtf 19ward rules.
Anonymous said...
$26.5 MILLION...For something we already have!
6/23/2015 06:40:00 AM
Yup. Rahm spend $250 million bucks on a new Malcolm X College and nary a peep about that. The new Malcolm X College is right across from the old Malcolm X College that opened in the mid-1970's. No one said a thing about that. 250 MILLION! That they admit to.
A much better education can be had at St Ignatius High School, opened in 1869 and still using the original building. From 1869.
You got it right SCC. Greasy palms and taxpayers bending over, as usual! What a complete fucking waste of money!!!
Just like the millions wasted to build the fuckin' squash facility at 61st and cottage. Really? Fuckin squash. Yeah, just like " minorities are very interested in squash. They just don't have access to it." Complete waste of money. The joint is empty. Nobody steppin' into the place from around there. For recreation, they shoot bullets, not squash.
Why not just build a 50ft. pedestal and set the old wheel on it.
Breads & Circus...while Nero fiddles, our pensions burns. This city really sucks.
Why don't they go another 69 feet, make it bigger than the Columbia Exposition wheel?
You obviously didn't read the story closely SCC, those are climate controlled gondolas!
Are you kidding me? Where the hell is our Union to call out this bullshit? How can a broke city continue to waste so much money on nonessential expenditures? This city is one police shooting away from burning to the ground with inadequate manpower to address it and idiots are worried about carnival rides? FUCK YOU and your mandatory 12 hrs days for the 3rd and 4th, I'm tired of this Merry Go Round run by scummy Carnival Barkers.
Fifth Third has been been up to their ears in this shit for almost two decades now.
Hey news hounds hanging 'round the city desk! That's a tip dumb fucks. Bet you don't pursue it.
Will there be accolades by SCC for Johnny Oduya and his CPD Memorial Cap at the Rally?
6/23/2015 08:20:00 AM
Nope....Johnny Oduya got written up for wearing that hat because that was the first day of the uniform changes.
Anonymous Anonymous said...
Will there be accolades by SCC for Johnny Oduya and his CPD Memorial Cap at the Rally?
6/23/2015 08:20:00 AM
I expected to at least see a photo of him with the cap on.
Anonymous said...
Thanks to the cop who wrote all the cars in the park district lot a ticket after attending a promotional party.
6/23/2015 02:35:00 AM
Give those tickets to the guys who's ass you were kissing. Maybe he can take care of them.
6/23/2015 03:42:00 PM
Why you blaming the copper just doing his job. How do you know he wasn't ordered to write all those cars?
And, why would you park somewhere where you KNOW there is a strong possibility of getting ticketed or towed?
Look to yourself not someone else.
Anonymous Anonymous said...
"Pier officials said public funds were not used to purchase the Ferris wheel, which has been privately financed by a loan from Fifth Third Bank to Navy Pier Inc"
But public funds will be used to repay the loan? Unbelievable. Navy Pier officials really do think the media and the public are stupid.
6/23/2015 12:35:00 AM
Just read that Fifth/Third bank is closing and selling a bunch of branches and property that they had for expansion! They won the jackpot and don't need any more income! They went on the dole.....
Doesn't the money made at Navy Pier, some of it at least, go to the city and state as revenue? So if those funds are used to pay for the new wheel aren't taxpayers paying for it? Unles someone is buying the naming rights I don't understand.
HEY, it's a climate-controlled, enclosed-gondola Ferris wheel. That makes it all worthwhile. Right.
Anonymous Anonymous said...
Why not just build a 50ft. pedestal and set the old wheel on it.
6/23/2015 06:41:00 PM
I think I love you.
Rahm screams how broke the City is. The CPD has to come up with $600 million next week and doesn't have it. Maggie Daley Park is still draining cash. Malcolm X College is not yet finished and that cost $250 million, right next to... Malcolm X College. dePaul has a new basketball arena they didn't ask for and the knuckleheads are spending $26 million on fucking ferris wheel!
The kids who will have problems in school can go ride the new ferris wheel.
If they can do this, what is to prevent them from stealing anything, calling it a private enterprise and just steal all the revenue? Is this an FBI free zone? With all the thievery around from Daley and the rest, how come the best the Feds can do is get Blago on tape saying "I've got this thing and it's fucking golden?" Pretty damn thin. An FBI agent assigned to public corruption said they had Daley by the nuts, lying to the FBI among other things. That was ten years ago. No indictments, no anything. Why?
A friend of mine got caught taking $20 from a funeral home and was off the job for two years before pleading to a misdemeanor tax charge. He is back on the job but lost $150 thousand in salary and two years seniority. And fucking Daley farts through silk and walks around with a mobster's suntan.
Anonymous said...
Thanks to the cop who wrote all the cars in the park district lot a ticket after attending a promotional party.
6/23/2015 02:35:00 AM
Give those tickets to the guys who's ass you were kissing. Maybe he can take care of them.
6/23/2015 03:42:00 PM
The cop probably got fucked out of a promotion.
At $8 a ticket (current price, I'm sure it will go up) that's 3.3 million rides just to pay for construction. That doesn't count overhead like staff, maintaining the thing, electricity, insurance, etc.
I've seen numbers as high as 9.2 million visitors a year to Navy Pier. While I hate to see the city spend money on such frivolous bullshit, it "should" pay for itself pretty quickly, but I know the funds will be "redistributed" for some other city theft.
Be safe everyone.
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