Huge Economic Hit
- Chicagoans have watched for months as “For Sale” and “For Rent” signs popped up in the windows of their favorite coffee joints and neighborhood bars, and they’ve wondered whether treasured restaurants ever will reopen.
A tally is in: The coronavirus pandemic has forced an estimated 4,400 businesses in the Chicago area to close, including 2,400 that say they won’t reopen.
The data, released Wednesday, comes from crowd-sourced business review platform Yelp.
That is a huge loss of jobs....and tax base.
And exactly the reason Chicago is turning into Detroit before our very eyes.
And exactly the reason Chicago is turning into Detroit before our very eyes.
Labels: money questions
posted by SCC at 12:07 AM
136 Comments:
Attention !
All PBPA members age 55 to 59 now ONLY HAVE 21 days from yesterday, 22 July 2020 to summit a PAR form to retire and still get the 2% insurance deal!
You will pay 3.5% if you don’t follow the directions in the contract!!!
The contract was ratified by the city council yesterday. (See the Trib article below.)
You have to set the retirement date 60 to 90 days; 20 September 2020 to 19 October 2020. On the 90th day it will go up and you will pay 3.5% according to the contract.
For those PBPA members age 60 to 62, you have to leave anytime from now until 19 October and you will get the FREE insurance.
If you wait until the day you turn age 63 it’s still FREE.
If you study the past history of contracts you will understand how the FOP will get this same deal also when there contract is settled next year or in 2022.
https://www.chicagotribune.com/politics/ct-chicago-city-council-settlement-contract-20200722-ndkbr3zmhjeb3gjy6pilxae5na-story.html
That's OK, Larry is pinning her hopes on the new Huddle House opening on the south side.
President Trump, thank you very much for sending federal law enforcement officers to help us. Please send more and lock up the criminal element. Also, lock up and deport all of the people here illegally.
America's men and women in blue love you, support you and will follow your lead.
No!
The politicians over reaction response to the covid 19 has put the western world into a depressionary vector.
This did not have to be.
And all done on purpose,all accross the country. Time to seek God. These are the last days.
Fuck this virus ridiculousness. It's here and will be here forever. Open the economy and stop this lockdown. People will get sick regardless. People will die regardless.
Chicago is destroyed by the DemocRATS machine. All to get control and power. I can’t wait to leave.
Correction! The Coronavirus did NOT close the businesses! The fucking mayor and governor closed the businesses with their bullshit orders that wayyyyy extended beyond a practical shutdown. Virus is still out there and suburban restaurants where packed in Lombard and Oakbrook today. What changed? Nothing! People will assess the risk and make their own decisions. If I want to smoke, I will. I don’t need nanny gov’t telling me otherwise. Bottom line .... Mayor is responsible not the virus. Businesses should have opened and let people assess their own risk.
Greatest job and business destroying mayor in Chicago history. Virus did not close the restaurants - mayor did!
After Larry destroyed all these businesses and jobs, I guess she can now offer these folks welfare instead. What a great mayor we have! (Sarcasm)
Funny! Mayor is still restricting restaurants and bars. I wish she was this concerned about the rampid murders, rapes and robberies.
Democrats should hang for what they are doing to this country, after their treason trials.
What is the average number of employees?
Ten?
20?
30?
40?
2,400 times 10 employees is 24,000 jobs.
24,000 families.
It is even more than are shot in Chicago this year.
On the plus side, Larry will waive your overdue library fees. Helps a lot once you’re unemployed or when you lost your life savings b/c a migit and over-sized pig destroyed your business.
OT: check out on the CWB website the shooting on the wabash pedestrian bridge the other day. 2:30 am and a bunch of gang bangers are seen lurking on that bridge shooting each other. Yea, Lightfoot really has things under control here.
And you have a shit mayor and shit governor that in the next round will allow more to fail with their crap leadership.
How many businesses that are hanging on are going to fail when every other business in their area has closed, and the two or three left have no traffic?
Lot of folks from Ukraine & Poland say Chicago, New York & Jersey more like The 1000 square klicks around CHERNOBYL, maybe that's why Comrade Smelly Hair does not understand the Half Life Damage of punishing the innocent producers. But neither did Stalin & he destroyed millions of humans to create chronic tp shortages to help Cuz's paper factory. Follow the coin.
Your job is lost forever. Your business will never come back. On the positive side, Gov FatAss and Mayor Migit saved you from a virus that is lethal in less than 2% of all cases much like most viruses. Does everyone reading this know that viruses are the #3 cause of US deaths ... every year in the US? People just don’t report on it every fucking second of every fucking minute. Yes there are at least 70,000 deaths in the US every year from viruses.
Lori has gone "all in" that a blue wave will happen in November, and Biden's admin will bail us out with a crushing debt that our grandchildren will have to deal with.
Kinda like pissing in the wind and hoping it doesn't land on your shoes.
So what is plan B if that doesn't happen?
Plan B is we are all getting fu$5ed with a huge property tax increase.
Plan A might sound good, but you will be fu$%ing your kids and their kids. Vote like your future and your kids future is on the line, because it is.
Just the beginning.
Hopefully there is something left to salvage after November.
Most of those 20 something coffee pourers and sandwich artists shifted to protesting and destroying the city for profit. They getting paid, you can count on it.
Chicago 1833 - 2020 RIP - Detroit here we come!
“Stand down police .... let them loot and pillage the businesses and I will finish the businesses off with my closure mandates” - Larry 2020
Capitalism sucks - Larry
Let’s try communism - Larry
All kidding aside - Larry really fucked this city up.
I use to think Chicago becoming Detroit wasn’t possible because Detroit relied heavily on the auto industry and Chicago was a booming multi-industrial industry comprised of so much more than Detroit. But today the difference is in Chicago, Lightfoot has crushed the city financially and then allowed all the uncontrolled violence and mayhem to pillage all the businesses at the same time. Detroit didn’t have this. Lightfoot has destroyed the CPD and emboldened the criminal element, from anarchists to gang members. And the court system fails the honest citizens while not holding the predators accountable. Remember, Lightfoot also endorsed Kim Fixx. So when she lies and acts like she’s so upset with the court system, the media then needs to ask her why she endorses Foxx? If Chicago collapses the media may be out of work too. Start reporting like your job depends on it.
I am afraid Chicago IS turning into Detroit. Too high a percentage of joggers, always a disaster.
Better defund the police quickly a Groot— or sell some city assets. Midway or Ohare up for sale. Sell a couple elementary schools and get an alderman a few contract to do what ever. My question is—- when does OCP (Omni Consumer Products) bring in ED-209. I wish I could press the fast forward button to let this happen quicker, but oh well
And Groot will close more forever because "protesters" who are majority white, 19-29 years old, cannot catch it but white, 19-29 year old Lincoln Park residents in bars can. And hospitalizations and deaths are down, but more testing shows more positives so shut it down. Amazing how stupid Groot is
Groot and Preck.... double up a county tax so we no these capitalist don’t ever come back.. add a head tax too for the homeless— but we all know the money never gets moved to the homeless citizens or what ever words you may refer to them— serfs, hell I don’t know
The planned destruction of the pension system succeeding at a record pace. Anyone think this isn’t a well thought out orchestrated plot needs an MRI on their cranium.
little do they know yet that it'll end up being a huge plus to those who won't re-open in these times of crook county.
Going, going and gone!
Can’t wait to join them! We are living and witnessing the death of a major US city! Chicago is in critical condition and the DemocRATS running the ER believe in Euthanasia! Good luck!
Groot = Failure! This City has taken a major blow with businesses closing and the loss of conventions at McCormick place and giving out to the useless Teachers Union. Groot has proven to be a failure and made this City take huge losses. Wait until this clams down and see what your taxes will be like in the future, someone has to pay for the damage Groot has caused us.
IMHO, a cost of the escalating violence in Chicago will be a dramatic decrease in the convention business if and when we ever get past the pandemic. Seriously, how are convention organizers ever going to make the city appear safe and attractive to out-of-town visitors? Nobody goes to conventions in Detroit anymore. Chicago is racing down the same path.
The Democrats want to blame this all on President Trump!
I don't think so!
Democrats own this disaster in Chicago and Illinois!
#leavefaster the inmates run the asylum...
Well at least the south and west side funeral directors are doing a BOOMING business.
Well there goes another 12 to 15 thousand taxpayers in the welfare lines. What could go wrong state has plenty of money.
And comparing Idiot Mayor with Rahm Emanuel who would regularly boast about bringing ‘big name tech companies and major corporations relocating downtown.’ He would proclaim corporations bringing ‘hundreds of jobs into the city’ whereas Lori Lootin’ Spree proudly smirks about ‘hundreds of businesses leaving the city and thousands of jobs now lost.’
This is the democrat playbook for the election. They are willing to let businesses close, cities burn to the ground, anarchists take over believing these actions will defeat Trump.
Well with no tourists and no jobs,in the neighborhoods they were doomed to close anyways. Better sooner than later. Wonder how many will be leaving not only city but state. 20-30 thousand. What is ke3ping you there? Take a lateral out of state life can be good again. That downhill slope your on is not going to flatten out anytime soon in fact about to get much steeper. Plan B NOW!
Is the Chicago murder queen incompetent derelict racist mayor grootcifer and "stand by, just be patient while children get maimed and murdered throughout Chicago" Police Supt brown along with pass the salt prikster going to announce the dates they will be hosting the Portland rioters here in Chicago? Is Chicago the next stop? Will the demonic incompatant Illinois politicians give its law abiding Taxpaying Citizens a heads up , protect them and keep Citizens safe or are the devils tool politicians going to pretend it's a big surprise? Remember these politicians and leaders are accomplishing their communist agenda and are happy as pie and proud as they destroy anyone and anything that simply let's them .
Thats right silent majority dont hand your soul to these fucks,resist them.
Many of the closed small service businesses, I think, will come back within a few years. Others should come along. That is, if the city quells the violence, which right now does not seem likely.
We need more democratic politicians. That will really help us along because we can see now how well it's going. Thank you Larry
Add NYC to the list.
Portland? Yeah, more than an even chance.
Off topic:
Eric Carter looks like those fake war heros featured on the Stolen Valor website.
What a shame.
Especially in light of the information from the New England Journal of Medicine, the premier journal in America's medical community.
https://www.nejm.org/doi/full/10.1056/NEJMp2006372
To wit: We know that wearing a mask outside health care facilities offers little, if any, protection from infection. Public health authorities define a significant exposure to Covid-19 as face-to-face contact within 6 feet with a patient with symptomatic Covid-19 that is sustained for at least a few minutes (and some say more than 10 minutes or even 30 minutes). The chance of catching Covid-19 from a passing interaction in a public space is therefore minimal. In many cases, the desire for widespread masking is a reflexive reaction to anxiety over the pandemic.
any republicans willing to use this against the local commiecrat overlords?
And think about the impact on tourism not only the lockdown but the street violence and images of Antifa/BLM thugs swarming Grant Park will have.
Yet Commie Teacher Union will demand another raise to "teach" from home.
We are in trouble economically listen to the most recent interview between Joe Rogan and Peter Schiff.
The Daley-Emanuel-Lighfoot Democratic death spiral accelerates
Detroit was once the third largest and most prosperous city. Never thought it could happen.
I'm guessing you can find much of their staff out on your streets in the evenings.
isnt lori the best mayor ever??
start laying off some of the political hacks that do absolutely nothing for the taxpayers of chicago
anybody with less than 10 years and are not vested need to go ASAP!!!!
You can find a nice house for a good price in the area of Lawrence and Austin.
This is the plan. Drive all the small businesses out. Then the empty buildings can be bought up real cheap by private equity firms who are loaded with cash, just waiting for an opportunity. All restaurants in the future will be TgiChilliBees.
Only thing I can think of ...Were going to have to raise taxes, the police contract made us do it.
This is totally lost in Mayor BugEyes because every Democrat has flunked Econ 101.
Now, kees me you fool!!!!
Just wait til the property tax bill comes in next year and all the other taxes coming our way because of this anarchy. When you hear a democrat complaining about it, tell them they own it and STFU. Im sure, next year they will blame it all on Trumo.
Pension problems
"And exactly the reason Chicago is turning into Detroit before our very eyes."
Exactly?
HOLD ON.....
The Wuhan virus did NOT close those business and destroyed everything .... it was the ILLEGAL lock down by Pritzker who ignored science and fought a pissing match with Trump..
Take a Sunday drive through southern Lake County in Indiana. It is one giant residential subdivision under construction. People are relocating from Chicago and Illinois for a safer environment with low taxes, good schools in a Republican run state. Even though Lake County is run by Democrats, they are under the thumb of a Republican Governor and Indiana State Legislature so they control the money purse.
Companies recognize they do not need a business presence in Chicago when their employees can work from home. I am a prime example of that. I work for a small engineering company that moved their office from the Loop to South Carolina last year. They got sick of the taxes, fees, employee costs in Chicago. I am very much able to service my clients in the Chicago Metro Area from my home in southern Lake County Indiana.
The risk of losing your home equity to exorbitant real estate taxes caused by politicians who pander to their BLM and union voting base is just too high in Illinois.
Not just the virus causing this but also the terrorism there is allowed by the mayor and the rest of the Democrats throughout the city, especially the downtown area in areas of interest. There’s supposed to be a big protest and support the police rally July 25, why doesn’t the mayor simply stop there’s no permits no protest terrorist go home! If the police want to have a rally why can I do they not have it without all the terrorist allowed to be disrupting it mayor? Oh and like you taught us to say fuck you Mayor.
Illinois flattened tge curve so why are the bars being forced to close again. Only 10 people at a funeral but 10000 ate protests?
To see Michigan Ave in its heyday was something, especially on a beautiful Summer Day or during Christmas. To see the complete desolate wreckage of such a treasure is almost beyond comprehension and a Mayor who could care less. Without our basic revenue staples of tourism, O’Hare and thriving neighborhoods Chicago is beyond doomed. It is apparent our Mayor condones the violence and is indifferent towards the suffering in our retail and service industries as the rapid decline is in full speed. Disgusting!
Watch the exodus accelerate.
I've been documenting Groot's destruction of Chicago & posting the photos on Twitter. I still don't think that most people understand the devastation this thing has done to the city.
Columbia Sportswear, Best Buy on North & Clyborn, Canada Goose remain boarded up. Smaller, independent businesses around the city too. You can feel the difference and this is just the Summer. Wait until Fall kicks in. The U-Haul on Fullerton by DePaul could be open 24/7 and it wouldn't be enough. They can barely keep trucks in now. Indie movers are way up as well.
The ecosystems of businesses like restaurants & retail spreads far & wide. Once that domino falls, it just picks up steam knocking over everyone.
Democrats, destroying cities is what they do best.
What would you expect being governed by a known reprobate but curses, mayhem and violence.
Larry is a loser and the Fat man is busy gorging himself with foolish desires.
With recent current events including the Pandemic, economic shut down, and Violent Riots in our cities, I would like one of these Democratic Governors, or Mayors to answer one question.
If the media would ever ask these questions... I'd love to hear their explanation of why Democrat Mayors, and Governors WANT their cities to continue with complete anarchy and violence. Then I would also like to hear their explanation about why they want this complete economic shut down to continue indefinitely.
Anybody???
I'm not saying the numbers are wrong -- they sound about right -- but Yelp is a very poor source of data (of almost any kind).
Kanga-Groot out to pull her head out of pouch and look around. Tax base is disintegrating before her eyes (if she'd actually look). Too busy thinking about how to corn hole coppers. Fuckin marsupial.
Retailers of gold plated Godzilla models are going to be
hurting. They're big in China and sales are definitely off
with the Corona-Ramona. We once had up and coming
actors living here but certain conflicts with the police put
them out of the picture.
Damn Groot, you are good. It's only taken you two years to accomplish what the Daley's couldn't do in forty (40) years. And that would be destroying the once great City of Chicago.
You are actually now the worst mayor in America. Congratulation!!!
Anonymous said...
The Democrats want to blame this all on President Trump!
I don't think so!
Democrats own this disaster in Chicago and Illinois!
And Trump wants to blame the democrats. Idiots everywhere think its either dems or repubs. Wake up fools, its the haves vs have nots. Are you independently wealthy?
Keep talking dems vs repubs and you'll be a fool all your life. I know you're accustomed to being one but try using your head for something other than a hat rack.
The Murder mayor is successful at least in one area and that the destruction of small businesses and other commercial enterprises. The Marxist supporting mayor has ruined the city in a short 15 months. On her watch the murder rate skyrockets as well as mass shootings.
She doesn't want the Feds in town because they don't understand the neighborhoods, the Community and blah, blah, blah. Well mayor No Nuts you live here and the fucking town is lawless under your watch. Does that mean you don't know the neighborhoods and the Community? You can't have it both ways. Reasonable people see right thru that.
You want more resources? Eat more shit midget. Where were the resources from the Democrat mayors like Rahm, the Daley's. Start bad mouthing them for short changing the resources. Same bullshit they peddled that now you suddenly discovered - more need for resources. Sorry Imp, that excuse doesn't work anymore. That's an 80 year Democrat excuse. You fucked up the city and we're leaving.
There are "for sale" and "for rent" signs on every block in some of the more expensive northside neighborhoods. People are leaving and they won't be coming back. The owner of the 1600 square foot condo we rent from got the 1st half of his property tax bill - $8,000.00. He knows we are leaving the state when our lease is up and after he got the bill he replied "wow, now I know why you guys are leaving". We will paying about half what he pays in property tax for 2x the house on 2+ acres in our new red state.
An estimated 1,628,866 people left Illinois for other states from 2014 to 2018, according to the WBEZ analysis. That's up 15.6% from the number that left the state from 2009 to 2013.
Here's a breakdown of what we learned about the characteristics of Illinois residents moving to other states and their reasons for leaving:
https://www.npr.org/local/309/2020/01/08/794320135/five-charts-that-show-who-s-leaving-illinois-and-why
who's going to pay the salaries of the commie news casters in chicago after the revolution. without a tax base where's the money coming from.
Condo market has to be taking a hit. Taxes and fees are easily going to take over values. Tear down small business strip and build a Section8’Arena style colony on the land.
Mom and Pops already operating on a minuscule margin being, or anticipating being taxed out are getting out. I mentioned Milwaukee Ave from just Devon to Golf Mill in Niles. Once vibrant, NW side working class suburban neighborhood is quickly turning to shitsville.
Dollar stores, nail shops, second hand resales, pawn, maybe a nation cellphone store. Aluminum can scrounging may be the next income source.
What’s the deal with the No Go No Nite Life Michigan Ave plywood zone lately?
Business is coming back?
Is a laundromat and a courtesy exchange opening on Oak and Rush with another in Water Tower next to the Shoe Warehouse and Swarovski on the seventh floor?
I’d say when the mylar ballon store opens, its time to pull the plug on Michigan Avenue.
This is all being orchestrated by the Democrat party. This is happening in Democrat cities only. It's all about voter suppression. When this nitwit got herself elected, the first thing she did was meet with Pelosi. Beetlejuice knows she's a one term mayor, so she was promised a kick upstairs in that party. WHY DOESN'T THE FOP START AN ONLINE RECALL PETITION.
Thanks SCC and please spread the word on this economic disaster and share some info on how to protect our money and investments. I said in March how bad this was going to be and was told I was exaggerating. If you want a glimpse of Chicago's future drive down Taylor Street in "Former Little Italy". Look at all the closed and empty restaurants and grocer stores being replaced by Chinese takeout and ghetto smoke shops.
A lot of stores Can't Stay open with the out of control looting.
Wow, little Arnold Drummond really fucked this city up!
All the posters here comparing Chicago to Detroit.
You wish.
By the time Mayor Rugmunchkin has finished you'll be lucky if you can compare with Mogadishu.
Even the Somalis will look upon the wreckage and say, "Fuck this shithole."
Any suburban officers/firefighters reading this.....
You know that all the Downstate pension funds must relinquish their control and turn all pension funds over to the state next year. Goodbye pensions, hello Fatboy. Time to fight the state............before we lose it all.
My brother in Chicago only blames Trump. He has given the state $400,000+ in taxes over the years, his house is only decreasing in value, and he has watched his neighborhood turn ghetto. He is convinced that it all started in 2016 when Trump was elected.
The truth is, he is a hard-working, law-abiding taxpayer that would be a credit to any city. I don't understand how he blames Trump, nor do any of his lifelong friends. I think that the stress of his morning commute broke his brain. There is no explanation. It is sad to watch. He deserves better.
Distance is the only answer.
Someone used the analogy of Chernobyl. Very apt. As the reactor of Chicago political malfeasance melts down, folk will head south.
LaSalle county is already seeing increase in crimes unusual to the area. Fallout will continue to grow.
LOOTfoot doesn't want Police to arrest looters and rioters she calls "peaceful protesters" and Kim Faux drops charges or doesn't wanna charge them at all.
These businesses don't have support, this administration and city aren't business friendly and criminals are out of control.
I can't blame them for closing shop.
The DemocRAT fungusFOOT want the president Trump out so badly.
For the sake of this great country pray for 4 more years.
It couldn’t possibly be because crime, looting, riots, shoplifting etc. Also law abiding tax paying customers leaving Illinois in drove cuts down a bit on real shoppers. Not to mention a dead tourism industry. Who would want to come here for a vacation. Keep up the good work Lori! Stay safe out there you guys in blue!
I just don’t get it......
No matter how I try......
LETTING people DIE in order to elect a Senile Creep Uncle Joe?
LETTING a city DIE in order to gain power?
Purposely bankrupting businesses that powered the tax base?
And bankrupting all the families black, brown, white that had jobs at these businesses?
How fucking evil can these Democrats be??
High taxes and way to many regulations are also forcing business to move elsewhere. Having a business here is like walking thru a mine field.
Let’s have twenty five people run for mayor the next time, maybe things will work out. I blame the politicians who refuse to slate a few good people for office. There are many other influential people behind the scenes that need to reign in these radicals or else their money dries up as well.
Back in the 80s, I thought Chicago could never go the way of Detroit.
It took close to 40 years, but now I must admit I was wrong.
Fe Fi Fo Fum, bankruptcy he we come!
Wish I could leave. But all the kids and grandkids are here or nearby. I will probably be buried in this city I tried to make a better place.
Old retired detective
All cars down in 014 Kimball/Wrightwood 1218hrs!
Pension changes coming,if you don’t think so I want what ur smoking.
nonymous said...
President Trump, thank you very much for sending federal law enforcement officers to help us. Please send more and lock up the criminal element. Also, lock up and deport all of the people here illegally.
America's men and women in blue love you, support you and will follow your lead.
7/23/2020 12:14:00 AM
***Start with City Hall...You should get quite a few arrestees there!!!
The Guy running against Kim Foxx should interview the Store Owners and ask them about How out of control looting has become.
No need to worry, FarAss will make sure all his contributors get their pensions, you are one corrupt M/F
Chicago hotels are derelict in their responsibilities if they fail to warn guests and conventioneers not to walk the streets after nightfall even in the "best" areas of Chicago, even in groups of two or three people. The Gold Coast, Streeterville,and River North, along with the Loop of course, are targeted by the ferals who are destroying Chicago.
I've lived within two blocks of the Hancock Building (and it is still the Hancock Building) for almost fifty years. Chicago always had the built-in advantage that it was a central location in the country for meetings and conventions. But now that advantage is overwhelmed by the lawlessness that has overtaken not just the "bad" areas of Chicago, but over the "good" areas as well. And for the family vacationers coming in for ball games, museums, etc. ..... that market will dry up, even when the pandemic ends.
many of these businesses were likely marginal before the pandemic and probably would have eventually failed anyway.
IMHO, a cost of the escalating violence in Chicago will be a dramatic decrease in the convention business
=====
The cost of having conventions in general has been driving convention organizers to more cost effective solutions such as less expensive locations and online events for a long time. The pandemic is just pushing this process along.
I would not be surprised if the McCormick Center has essentially lost most of its business already.
many companies are finding that online events are doing as well or better for them as physical events, but at a much lower cost. why would they go backwards?
Lightfoot should have never shut the City down. She is responsible
Thank you President Trump and federal law enforcement, for coming to Chicago and helping to curtail all this murder and Mayham, which our own mayor and governor have sorely dropped the ball on. Many out there appreciate your efforts and it is sad that you have to be vilified for doing The right thing and protecting innocent peoples lives and property. Please do not stop or retreat mr. President. Keep doing the right thing for America, our hats are off to you sir . Continue please to protect all communities black white Asian Hispanic and others, thank you for saving so many lives from this senseless violence that our local leaders have failed to stop
no, not corona. DEMOCRATS CAUSED THIS by trying to use a everyday run of tge mill common illness as a means of getting rid of the bad orange man.
Admission of the problem is the first step to solving it.
Former Chicago resident and civvie here.
The final straw, I think will be the financial centers. The big exchanges. The idiot mayor in NYC is trying to tax financial transactions on stocks, and if Groot's empty head tries to copy this to plug the hole in the budget then the CME/CBOT/CBOE and all of them will just pack up and go.
They already have datacenters outside of Chicago, it wouldn't take much time for them to close the physical floors (It only provides maybe 20% of revenue versus electronic, probably less) and just say "fuck it".
Imagine the Loop without these bustling exchanges. It would be the final clarion call to the end. Keep an eye out, I fully expect this to happen as the city gets more desperate.
Anonymous said...
My brother in Chicago only blames Trump. He has given the state $400,000+ in taxes over the years, his house is only decreasing in value, and he has watched his neighborhood turn ghetto. He is convinced that it all started in 2016 when Trump was elected.
The truth is, he is a hard-working, law-abiding taxpayer that would be a credit to any city. I don't understand how he blames Trump, nor do any of his lifelong friends. I think that the stress of his morning commute broke his brain. There is no explanation. It is sad to watch. He deserves better.
Distance is the only answer.
7/23/2020 11:10:00 AM
I have family members who act the same. The worst is my brother in law who blames Trump and republicans for everything. It didn't matter the only time he was laid off for long lengths of time was during the Obama administration. (hes a union electrician) He sits at home and jags off the MSNBC and believes everything they say. If you confront him with facts he throws a hissy fit like most liberals do. I stopped talking to him awhile back. You cant argue with stupid. Oh, he also lives in the burbs but knows whats wrong with our city and how "people" are mistreated. Except he wont go downtown, too afraid.
If we all take a look at the cities that are under the direction of the Democrats and the ideas of letting prisoners out of jail, I bonds, allowing Antifa and BLM have the run of the cities, holding the police back etc. Does it not seem they are on the same program????
Allowing the riots, arsons and mayhem in their cities and demanding the Feds to stay away because they need no help??????
Do we see a pattern that the Pelosi's and Schumer's deny the tearing down of cities, never condemning the violence and repeating that is is just a protest for some 8 time looser thug. Condemnation of the police is a Democrat/BLM/Antifa/MSM (I just repeated my self 4 times).
The "woke" society trying to run private businesses and college campuses and the way people speak and who should be fired or promoted. One never knows who will be a victim.
The attitude of allowing businesses to close forever and the terrorizing of the normal citizen, especially in the minority community appears to be collateral damage. Actually fostering this violence and terrorism is despicable and should be to everyone. Fear cripples a society.
This along with the Wuhan virus closing down of Democrat run cities and states and the vile idea of returning infected seniors to their nursing homes where thousands have died because of these idiots. Sadly, if Orange Man does not win and the Republicans do not hold the Senate, this country will never recover. I'm not a "black helicopter" guy, but this all seems to easy. When the lever was pushed (Floyd death in police custody")the cities under Dem control went ballistic within 24 hours. Coincidentally the prosecutors in these areas were all Soros funded anti-Americans and anti-police.
I see this as a well orchestrated attack on the American society. We are dealing with extremely bright people in all facets of this. We also have a Deep State in the Federal Government and Military command that has attempted a coup to try to oust Orange Man.
An Impeachment attempt with no actual evidence. You would not have any probable cause to make an arrest and these "lawmakers" attempted to overturn a legit election. Where is the outrage???? Yes, it is time Boys and Girls to put on your adult clothes and vote for the correct people and make sure your friends and relatives do the same. What have we worked for? Lest we forget what our parents and Founders of this great country risked for a better way of life for all Americans. Stay on Point!
12:16 PM
Nailed It!
SENILE CREEP, former VEEP.
Bastard is shot up on Thorazine in his basement,
thus he cannot speak. He's a real Sick Fuck, boys.
Not one word on the killings. Not even a mouth fart.
nonymous said...
Pension changes coming,if you don’t think so I want what ur smoking.
7/23/2020 01:30:00 PM
what changes are you talking about? By Illinois Supreme Court decision pensions cannot be diminished. Also by law, the pension is a contract that cannot be violated by the city. They will have to either declare bankruptcy or raise taxes
When the virus calms down, I am moving to Indiana. I have been looking at real estate on line and I have found an area that really interests me. I never thought that I would do this, but I not only want out of Cook County, I want out of Illinois. There is no doubt in my mind that in a few years Chicago will go bankrupt. The unions and the teachers are helping with their greed and Lightfoot with her total incompetence is destroying the city in record time. I will always remember walking downtown and on North Michigan Ave on a warm Summer night and strolling to Buckingham Fountain. To do that now you are taking your life in your hands, especially if you are a white person
Anonymous Larry Fine said...
Wow, little Arnold Drummond really fucked this city up!
7/23/2020 10:42:00 AM
Whatchu talkin bout Willis?
Anonymous Anonymous said...
Well at least the south and west side funeral directors are doing a BOOMING business.
7/23/2020 04:28:00 AM
Bizness is Banging!
You know, we have to destroy it to fix it.
You can’t rape the pension funds until the city is in ruins.
The collectivist/ socialist solution to this : RAISE Taxes on remaining business and MORE Regulations. I guarantee it!
"Wow, little Arnold Drummond really fucked this city up!"
It was Arnold Jackson, he and willis didn't change name due to loss of ss bennies since both parents were ded. It was addressed in the episode "gibsmedat
" aired November 13, 1981
People leaving Chicago aren't just leaving the city; they are leaving Illinois.
My brother's got a home in Kankakee whose valuation is $90,000, yet he pays over $3,000 annually in property taxes. He's moving out of Illinois. But of course, he'll get little if any more than what he paid for that home over ten years ago, partly due to the fact that Kankakee/Bradley/Bourbonnais is an undesirable area in which to live, and partly due to the overall dismal economic and political climate in Illinois.
He looks good but the moment he opens his mouth its over. Dumb as a rock.
The medals are necessary to compensate for his squirrel like brain. But that's ok. He's got Ru Paul as his front man.
Anonymous Anonymous said...
The Guy running against Kim Foxx should interview the Store Owners and ask them about How out of control looting has become.
Had to look up his name - why is Patrick O'Brien not all over the news, 24 hours a day. I am sure some shows would have him. He could at least try to get a message out, get outside funding. Even if he can't beat her, he could shine a light on this disaster.
To 09:01:00 AM,
The reason these democratic mayors and governors want these protests, rioting, looting and city shut-downs to continue is to attempt to make Trump look bad and that it is his fault for these happenings.
Make no mistake, these assholes do not care about anything or anyone. They only care about power and are willing to let their cities and states be burned, looted and destroyed in order to regain the presidency.
If that jagoff Biden is elected watch how fast all of this bullshit will stop.
3 shot in Civic Center Park where "Back the Blue" was attacked in Denver. 70 miles south in red Colorado Springs, 20-30 protestors shouted slogans, 5 were arrested. Still no damage. CSPD and El Paso Sheriffs have a lot of fans.
I'm a Centrist. But I have two models to look at. I have to say that living near a red town is a much better experience. It is definitely cheaper.
“... I will always remember walking downtown and on North Michigan Ave on a warm Summer night and strolling to Buckingham Fountain. To do that now you are taking your life in your hands, especially if you are a white person...”
***
1980, Did the same Buckingham Fountain
thing on a first date with a spectacular new girlfriend!
Then went to an ice cream place (Rainbow?) nearby and I remember
it was on the south side of (?) street. Talked the night away...
What a night. I loved the City...now not so much.
The girlfriend?
Dumped me 6 years later for dragging my feet in getting married.
🤷🏼♂️
Anonymous Anonymous said...
My brother in Chicago only blames Trump. He has given the state $400,000+ in taxes over the years, his house is only decreasing in value, and he has watched his neighborhood turn ghetto. He is convinced that it all started in 2016 when Trump was elected.
The truth is, he is a hard-working, law-abiding taxpayer that would be a credit to any city. I don't understand how he blames Trump, nor do any of his lifelong friends. I think that the stress of his morning commute broke his brain. There is no explanation. It is sad to watch. He deserves better.
Distance is the only answer.
7/23/2020 11:10:00 AM
I have a family member with TDS (Trump Derangement Syndrome) too. People like your brother are hardcore liberal and will never change, unfortunately. Facts and truth mean very little to TDS sufferers. Very interesting observation: A conservatives emotions stem from his thinking, a liberals thinking stems from his emotions.
Think about it...
prikster take the jumbo Turkey legs out of your jowls a minute and tell Illinoisans how you plan to tax them alot more for alot less ! Oh yeah and you want them to vote for it!
"...The girlfriend? Dumped me six years latet..."
And not once did you thank me for helping you through that crisis.
I feel so used.
Now, kees me you fool!!!!
Who is John Galt?
You have no pension and now you lost your homes. Essentially you whatever cash is in your deferred compensation and bank account. This is the cost of sitting in your asses for the last 25 years. Enjoy working post Cpd/cfd. It’s all gone
I have family members who act the same. The worst is my brother in law who blames Trump and republicans for everything. It didn't matter the only time he was laid off for long lengths of time was during the Obama administration. (hes a union electrician) He sits at home and jags off the MSNBC and believes everything they say. If you confront him with facts he throws a hissy fit like most liberals do. I stopped talking to him awhile back. You cant argue with stupid. Oh, he also lives in the burbs but knows whats wrong with our city and how "people" are mistreated. Except he wont go downtown, too afraid.
---Wait until he finds out what creepy uncle Joe has planned for his nice suburban neighborhood. He won't have to go downtown because under Biden's administration, they will "urbanize" the suburbs and bring downtown to him. All suburban municipalities will be required to cease any single family housing zoning restrictions and allow multi-unit buildings (including sec 8) into those neighborhoods. If they refuse, they forfeit any federal funding for their community development. This includes money used to maintain and build roads, streets, etc.
...and when things get really bad, it unavoidably comes out that 70% of the US economy is based on not production, which is gone, but on consumer spending.
...then they say that locally, 70% of the consumer spending goes to restaurants.
What happens when someone opens a can of beef stew at home?
There are already places jammed with a full floor of unsalable restaurant equipment, the last charge of grease congealing in the fryers for a couple of years already...
...and who is going to need all the display cases, racks, carts...need some coat hangers cheap?
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