Selling an Airport?
We're hearing this one, too:
Ssshhhh, Midway is unofficially for sale and the number one candidate to purchase it is Jeff Bezos at a now dramatically cut rate price. Super secret 5th Floor Fire Sale, selling the assets is the first step to Chapter 9. Expect things to happen quickly and shady as is the Chicago way.
I hope I didn’t just out a family member, but it’s been a hush hush topic and will happen before we have serious contract talks. She’s going to bleed the city of its assets, use that to further fund development on South and Westside, cry poor, raise the property taxes and of course blame the greedy police.
Her main goal is a dramatically downsized police department and the further push for no pay raise yet blame us for all the financial issues. She is fixated, to the frustration of her staff, of CPD forced pay cuts out of her hatred of J-Cat.
She wants a dramatically smaller department? Offer some sort of buy out plan those people maxed out, but not of age. You'd cut a shitload of high salaries in short order.
As for selling Midway, at least try to get a good price, not like Shortshanks selling the parking meters for a song and burning through the billion dollars inside of a few years.
Labels: money questions, rumors
posted by SCC at 12:03 AM
100 Comments:
Dah bidding starts at 10 billion Bezo you clown. Lori your a fuckin idiot
Sell Meigs....oh, wait....
Is that why southwest is going to be at ohare?
Hmm, Southwest started quietly operating out of ORD today.
Midway is not the cashcow like ORD
ORD is 70% of city revenue, dont see how they give that one up
Seriously....this wide eyed toad has some serious mental issues. Can you imagine havi g to live with this sloth ?
Sell that POS bean.
I guess Southwest flights out of Midway will double in price once the new owners come in. Same as the meters - meters were sold to a Middle East country which in turn just doubled, tripled and then quadrupled parking rates. So flights out of Midway will have all kinds of bullshit fees by the new Middle Eastern owners. And flights will skyrocket in costs just like the meters. Remember free parking in Sunday’s? Or quarter for an hour? No more! F.U.L.L.
I can’t speak on selling the airport but I do see it.. especially with the announcement that Southwest Airlines is opening service at O’Hare and transitioning “some” of its load from midway to O’Hare beginning in December. I’m sure they are doing this to get gate space at O’Hare because if midway becomes privatized it will cost them more to operate at midway. I’m sure the city loves the taxes paid by Southwest and gave them a heads up with a tax break sweetheart deal to keep them at a Chicago controlled airport to keep that tax stream coming in. Southwest operates about 210-250 flights a day out of midway, that’s big tax money. If they sell midway then watch out because it will be getting serious then and we will absolutely file bankruptcy. We are 1.2 billion in the hole just for this budget, they have to do something.
Selling assets is a bad idea it leaves the city with nothing and it will be sold at deep discount
Sexy Taco said...
OT/ Stop posting your stupid ass all over tik tok in full uniform! IAD is having a field day with these new guys
10/13/2020
IAD is about to come down hard on 716 over some tiktok bs. A little tmi from some of the 2 year barbies and their brass. Stop fraternizing with each other and posting it to social media. Especially with alcohol and your weapons visible
The hardest working city workers are the police and firefighters. We risk our lives every single day for this city. What thanks do we get? Zippo. What respect do we get? Zippo.
No wonder why Southwest is going to start service at O’Hare. It all makes sense now.
Just a side note though, I’m betting the feds will have to sign off on this whole deal, especially if any federal dollars have went to midway.
The voters better get off of their asses and make a plan to remove this crazy inbred bitch from office ASAP. The city can’t wait for the next election. They must see what this nappy headed ho has done to ruin this once great city. Cut the head off of the snake and destroy it so the venom is no longer a threat.
Get serious and quit fucking around.
If he waits a year he can get it half price
Southwest announced today they are moving to Ohare!
Some years back the City had Midway for sale while Daley was Mayor and I believe Citywide Team was running the FOP. There was deal or ruling that a percentage of the sale would go towards shoring up our pension. Shortly after this was announced Midway was taken off the market. I don't remember the all details of how this came about but would be something the FOP should look at.
Midway was worth a lot more before she turned the city into a looter's paradise.
Commercial Real Estate is a dog and will remain so at least until COVID has passed and some remote degree of order is imposed on the "Peaceful Rioters" who have run amok since May.
Not worth a look until prices bottom out, which at this point is headed for Detroit-level.
Helps explain Southwest making plans to move to O'Hare. They've been the main tenant at Midway for a long time until now.
I thought i saw on the news that Southwest will be flying out of O’Hare soon or next year I wasn’t paying much attention.
As Southwest moves to ORD. Yet, the city of Chicago still gives millions to the Gary airport. Go figure.
Look at it this way. If she entered the private sector she might
be facing charges on chicken price-fixing.
Warning DALEY PARKING METERS
Another hush hush is that a certain unit who gets body armor issued to them is going have a problem this spring when all of it is expired. A request was put in but the city is refusing to spend the money. The day after the armor expires, a safety grievance will be put in. It already has been drafted. And when the members of the unit can't respond to incidents due to the expired armor, it will be the city's responsibility. If they are forced to respond in expired armor, expect a lawsuit to follow. Which will cost the city 100 times more than the armor would have.
Funny just had a meeting about Amazon at O'Hare 2 weeks ago ..
He is needs it for his south and west side droan delivery systems delivery drivers refusing to deliver in Ghettos. Of course he buys at a discount as long as he agrees to fund her campaigns for next two terms. By then she plans on using his money fora Rj for President.
Groot will go ballistic when she reads this post. Will be forced to deny, deny, deny then cop to sale on closing day. Nice to have someone in her inner inner circle spilling the beans on her BS. Maybe she should be looking close to home for the leak. You just never know who you can trust. Heard the book will be a eye opening read.
Pretty sure that Bezo’s bought the Gary airport. Why would he want Midway? Taxes?
Gee SCC, Just how many news stations actually now have a news story they can say "Exclusive" to?? Thanks to your help as usual!!
Even if this were true, how much could it possibly help? If the city got triple what it’s worth it would still be just a drop in the debt bucket. And, like the Skyway and the parking meters that Daley sold for a quick buck, it’s a one-time sale. Once a cash cow is slaughtered for beef there’s no more milk....forever.
I’ll bet she tries to pass a city income tax, so we can be like that other badly managed Democrat shithole, NYC. All those rich leftist Gold Coast voters always back tax and spend Democrats, so I’m sure they wouldn’t mind getting taxed just a little more.
What's the matter, Richest man in the world cannot afford the full price of Midway???
A drastically smaller police department will result in drastic crime increases. Mayor BugEyes does not care.
If the city wanted to sell of Midway and Ohare at market price and throw the money into the pension funds, that’d be one thing, but if they actually sold one of them and paid off short term deficits they’d look worse than Daley and the meters and skyway deals.
Southwest just announced they’re starting service from O’Hare.
First thing I thought was Midway becomes a cargo hub.
How are they allowed to sell what they do not own? Hope the pensions can come in with a pay us first order.
If this is true how much money will she pocket with the manila envelope in the campaign contributions for family and friends campaigns then over here we have this look at the picture is that JB and wig;
Family feud? Pritzker cousin donates to stop governor’s coveted graduated income tax proposal
https://chicago.suntimes.com/politics/2020/10/13/21515151/family-feud-jb-pritzker-cousin-jennifer-graduated-income-tax-election-amendment
Even his family doesn’t respect him doesn’t go along with his bullshit, every family has the crazy uncle crazy and this looks like the crazy uncle and together! At least we have that kind of money come on now spend it on plastic surgery if you want to change your luck!
Hell shortshanks and his brother got a great deal, for themselves.
Brother Bill through all his bonuses from Chase for the loan deal and his honor on their payroll now.
Of course not counting how many other family members having hidden interest in the company.
Like a little family business they get taken care of the rest of is screwed!
Give a decent buy out to officers at 20 years that want out. They are staying fetal and will wait out the five years. Give a decent buyout with insurance. And hire your new officers that need to be trained the “new” way. Not spending time and money on officers that you can’t teach an old dog new tricks. No more sending these 500 plus officers for training that is wasted Time and Money. Give a decent buyout to officers at 50 years old with 20 years on. Give a short time frame for these officers to accept the offer. Open the hiring back up and start fresh.
Great, another asshole Mayor selling an income-producing vehicle.
Moron, just like the Alderman that support her and her Communist agenda.
Instead of dressing up like a Clorox wipe, open the city up you dumbfuck. Even the WHO says lockdowns are bad now.
is that why southwest is starting to fly out of ORD?
the selling price should be double what the city dropped on it.
this dr evil looking cue ball can afford it.
count on groot fucking this up.
That's what every previous Dem has done - sold publicly owned assets. Wasn't the parking meters sold - that company turned a profit and used cops to enforce. Then the skyway, that company turned a profit and used cops to enforce.
It seems assets come with guaranteed protection and the public only gets pennies on the dollar in a one time return yet have to keep enforcing and up keeping the asset.
I am more then maxed out, just waiting on the age. Give me insurance and I will leave tomorrow!
This rumor makes sense as Southwest announced that they plan to start flying out of ORD.
Did you see the mayor in a news clip, talking like Jesse “Jetstream” back in the 60’s! She sounded very disgusted that one half of all the CPS teachers are WHITE! Remember when operation push came out with “access to excellence”? I think it was back in the 60’s? The great extortionist said that he didn’t care if the teachers were bonified, qualified or certified, as long as they were black! He said that we needed black teachers to teach black children. That worked out well. It will be interesting to see how the CTU reacts to that thinking! Will it be strikes or lawsuits? Will the WHITE leadership of that union sell the WHITE teachers out for more money and shorter work hours? LOL
That’s a pretty good indication of who the Groot is listening to.....
Not legally proficient in any way, but this sure smells of nepotism at the highest rank.......
With no layoffs or temp furloughs of un-essential personnel in CPS, CTA, Court systems, etc,
And no cost-cutting measures anywhere in site (say 10% reduction in staff citywide),
how the hell would she be legally allowed to start selling off city assets OWNED BY THE PEOPLE OF THE CITY,
to do this? Where the hell are the legal minds in our city departments?
Where are the alderman, who (I believe) would have to vote to allow this?
She is not the fucking Queen of the City! She does not OWN these things......they are OURS!
She is giving away money like she’s printing it to various new causes and programs......
This needs to stop!
Correction, the parking meter bridge financing lasted less than 9 months. Thank you Emperor Daly
“at least try to get a good price”
Not the Chicago way but first where’s mine?
I am going to say you are correct on this one ..... Southwest Airlines to begin flying from O’Hare Airport ..... Chicago to turn into a access hub for travel and warehousing commerce with some stop over casinos on the fringe ..... the rest will become rundown crime ridden areas .... think Detroit or Atlantic city or a Gary Indiana ...... Ahhh the old Coney Island .....
Retired and stuck.
Please offer this shit
I’ll start heading for the door now
If you held people accountable for their actions businesses would come. Why waist the money on investment when the constituents act like animals and destroy everything they come in contact with.
I hope this is true. I know one clouted massive asshole who works there who wouldn't last 10 minutes in the private sector. Would be great to see what this guy would do if he actually had to work for a living...
The Interwebs say Daley tried this back in the day.
Joe Basement Biden plagiarism Groot?
Fuck u Lemmur and I’d piss in your coffee and shit on your cake.
You should have just rode out like the bitch that you have been for the last 10 years. Fuck you fuck you fuck you
Gimme health insurance at 50 and I’ll leave
Is deferred comp next?
Anonymous Anonymous said...
The hardest working city workers are the police and firefighters. We risk our lives every single day for this city. What thanks do we get? Zippo. What respect do we get? Zippo.
10/14/2020 01:06:00 AM
............,
You can keep the thanks and respect I give a shit
I came on this job knowing full well that if you wanted
Those type of accolades this was not the job for
You . What I do want is my full pension and insurance
As promised. If they filed bankruptcy we won’t get shit
And that’s bullshit
If Bezos is buying it, he will turn it into a cargo hub. Amazon has three warehouses being built in the surrounding suburbs along with two that are already operational. He can wait for the Monee Airport to be built
Anonymous Anonymous said...
As Southwest moves to ORD. Yet, the city of Chicago still gives millions to the Gary airport. Go figure.
10/14/2020 02:30:00 AM
Just sell ORD to Rosemont and get out of the airport business.
Why sell it? Just jack up fees like the Abu Dubi firm did with the meters. Selling city assets is short sighted and idiotic way to run City government.
Sexy Taco said...
OT/ Stop posting your stupid ass all over tik tok in full uniform! IAD is having a field day with these new guys
What is wrong with this new generation of officers??!? What a fucking boner that guy is, well there's a couple of them. Who in their right mind goes on social media; Facebook, Instagram, and especially tik tok to create a stupid short video of themselves in uniform! Do they NOT know how ridiculous they look. And to that two year wonder from 008 who's video went viral, you made an ass out of yourself and you disgraced the uniform!.
Half of Midway is now going to be Amazon freight, it will become a commercialized hub for Amazon... Bezo's sharp as a needle
The city only sells million dollar assets for
1 DOLLAR
The kick back comes in donations before the ink is even dry.
Here's another thing happening no one is paying attention to:
HUGE runway lengthening project wrapping up at Gary Airport. Once UPS is fully operational and the immediate area goes under redevelopment to support the new demands, airlines such as southwest will leave chicago-based operations almost entirely.
It will happen.
Anonymous said...
Sexy Taco said...
OT/ Stop posting your stupid ass all over tik tok in full uniform! IAD is having a field day with these new guys
10/13/2020
IAD is about to come down hard on 716 over some tiktok bs. A little tmi from some of the 2 year barbies and their brass. Stop fraternizing with each other and posting it to social media. Especially with alcohol and your weapons visible
10/14/2020 12:50:00 AM
Yup! When some of us old-timers got sent downtown during the summer, some 20-somethings pleaded with us to take video with us for Tik Tok. They “swore” they got video with other officers that generated hundreds of thousands of “likes” “views” whatever the Hell Tik Tok viewers do. We said “no thank you...against dept. regulation etc.” Irregardless, I have no idea if it is, whether it’s good P.R. or not, but I am truly old school. I don’t understand the whole need for “approval” from a bunch a people I don’t know and probably wouldn’t care about their opinion anyway. I’m guilty of looking at this blog & venting from time to time. I have no other forms of social media in my life. I shed myself of that burden 4 years ago. To be honest, I think social media is responsible for our quickly declining society. Think about how much foolishness would never have an outlet, how many asshole opinions would not be validated if not for social media. The cost of those things far outweigh any “good” it has done. People have gotten worse at communication, not better because of social media. Society has largely lost its collective mind as a result. I pray for the day it all collapses.
Officers, please share with us civilians of all the gossip about politicians and political figures in this city. Expose the hypocrisy. Doxx them like they do everyone else. If they can spread lies, why don't you give them a taste of their own medicine. What goes around comes around.
Great blog, really informative and entertaining. I'm telling all my friends and keep up the good work because no one else in the Chicago media is doing any work and they should be ashamed to call themselves journalists except for John Kass of the Tribune.
The City bought Midway from the Board of Education for less than 20 million dollars.
airport done deal...sold to Saudi conglomerate that will take over summer of 2021 will be equipped with feet and hand washing equipment for the Islamic devout to take absolutions while waiting for flights,,,being installed now as we write,,,also no liquor to be sold on premise maybe a hidden blessing there as they see how Americans act on flights via You Tube,,,,enjoy
"It says you belong in Hell. BUT, since you're from Chicago, we'll count it as time served". A cartoon I saw recently.
Anonymous Anonymous said...
Another hush hush is that a certain unit who gets body armor issued to them is going have a problem this spring when all of it is expired. A request was put in but the city is refusing to spend the money. The day after the armor expires, a safety grievance will be put in. It already has been drafted. And when the members of the unit can't respond to incidents due to the expired armor, it will be the city's responsibility. If they are forced to respond in expired armor, expect a lawsuit to follow. Which will cost the city 100 times more than the armor would have.
10/14/2020 03:32:00 AM
Or could the city return them to the districts? Be careful, city has the money, but appears to have another agenda. Really doubt money is the issue
Umm...If it is Bezos that's involved good move by him....Use it for his Prime Air Operations, make Midway half a freight airport....But really who cares sell it all...Privitize everything...I smell Yuan! Just keep my checks rolling in! When they stop I stop!
Max us out at 25, I will leave today.
Trump should buy it
There will be hell to pay on the 5th floor when she sees this post. Best bet is call in sick If you work on 5th. Lie dectors tests for all inner circle people very soon. Lori look to Homefront for leaking faucets.
I though SouthWest was expanding with service to/from ORD, not leaving MDW.
At least use the Midway money towards our Pensions!
That just makes to much sense to thieving DemocRats!
who do i bribe to get my restaurant at midway??
She ought to sell the CPS to a private company - give them the teachers, they won’t be considered city employees and live outside the city already, all the schools, and let them raise the already bloated taxes for education.
It’s been done in other major cities and should be done here. If the grades don’t go up or the school has bad enrollment let them fire the teachers and principals and close the school.
CFD should be sold to privatization too. It’s happening in a lot of low income south suburbs already. Fire would be allowed to live anywhere they want too. Something tells me LL would demand any company that takes over keeps them within the city limits.
Park District, Fleet, Water Management and Streets and San are no brainers. - Waste Management should have enough clout to pickup that contract.
City Law Dept could easily be turned over to a large law firm that specializes in municipal law
Libraries can all be closed - put it all online!
Not sure if police has been privatized anywhere but worth a look.
What a surprise . . . . .
Signed -
Grew Up a Block from Midway
We can rename it after George Floyd. Lori is a racist, that’s perfect for her.
Anonymous Anonymous said...
Hmm, Southwest started quietly operating out of ORD today.
Midway is not the cashcow like ORD
ORD is 70% of city revenue, dont see how they give that one up
10/14/2020 12:16:00 AM
The envelope is not thick enough for the right person,...Lil Richie would have had a deal made by now if the Olympics only came...
Good downsize please give insurance at 29 years, no age and I’ll hit the bricks!!!! Please do it!!! JC push for this
why doesn't she downsize with her security detail and top heavy departy
captain and above can be eliminated
many should still be working a beat car
Civilian here.
Attention Madame Mayor.
Don't sell Midway Airport, lease it. You retain a asset and can adjust the price as it becomes more valuable to Amazon, Fed Ex, UPS, etc..
Didn't Daley sell the Skyway and the parking meters and close Megs Airport!!!!!
Once Gary airport is up and running with that longer runway watch out, fuel taxes are cheaper in Indiana no more buying fuel in Illinois! Big Revenue loss for the city!
Instead of selling the airport, the City should get out of the rent and education businesses.
CPS 7.7 billion dollar budget. No return.
CHA 1 billion dollar budget. Absolutely no return.
Any questions?
Midway is to small to land big cargo planes.
You would think 7:08 A.M. Hire fresh officers with BA degrees that are physically fit. 50 and out with insurance like the feds.
Access To Excellence was connected to federally court ordered CPS' busing, in September 1977. ATE was later renamed Options For Knowledge.
A little clarification. United Airlines and American Airlines business is down. They've announced layoffs and furloughs of about 28000 employees each. Gate availability at O'Hare would allow Southwest to attract customers from the north and northwest sides who cringe at the idea of driving to 57th & Cicero for a low fare flight.
Additionally, it would also allow Southwest to fly larger planes as Midway Airport can only accommodate 737's. If Southwest could go with larger aircraft, they could also go into more overseas markets. Currently Southwest flights to the Mexico and Hawaii require connecting flights from Florida or San Francisco.
The gates at Midway are leased by the individual air carriers. Best guess is Southwest would get gates in the L concourse in Terminal 3, where most commuter flights depart from. United has Terminal 1 and American has most of the gates in Terminal 2 and some in Terminal 3. The competitiveness in the industry used to be that United and American would lease gates they never flew out of, just to block their competition from getting them. With Covid, all of that's pretty much gone out the window. Southwest might force some lower fare competition from the carriers at O'Hare, but don't expect them to go hog wild. The former Midway Airlines did that when they expanded into Philadelphia. The price of airplane fuel went up and Midway Airlines went out of business.
I love seeing these comments, such as, "Give us 20 yrs at 50 yo, 75% pension, or Make is 25 yrs on, regardless of age and 75%. The pension is not going to have increased benefits, shorter time to work, or retirement at a lower age, when it's in the trouble it is. Get ready for Tier 3, coming. Either 35 years to max out, or max out being 70%, or having to work until 57 years old to collect.
If trump wins all the assholes are going to go out and destroy things. The intelligence is out there, it's not a secret. Frogpuss should be worried about that, not selling midway airport.
After the election Trump should inform Groot that MiG's airport was shut down illegally and it will be rebuilt and opened by the Fed's. Fuck her.
Anonymous Anonymous said...
Midway is to small to land big cargo planes.
10/14/2020 11:40:00 PM
Wrong Again....Other than the Larger Jets ..Prime Air flies 757's and 737's, UPS flies A300's and 757's, Fedex Flies A300's....All can and has flown into Midway...Also was told Southwest makes most of its money on freight not passengers which is why they can hack the best deals (told by a southwest worker)..
If Bezos buys it... Will all flights come with one/two day free shipping per Amazon Prime? Can the planes land at an Amazon locker pick up near me? That might be convenient
Half of Midway is now going to be Amazon freight, it will become a commercialized hub for Amazon... Bezo's sharp as a needle
10/14/2020 10:06:00 AM
If true, that'd be plenty of jobs lol thanks Jeff for the job openings so close to home
i worked at the gary airport around 1979 building a new control tower and they said they had a larger land area than ohare. they just never had the demand. i can see with the boom in amazon and other internet sellers gary could be a major freight hub for the south side with I94 access. flew out of there once about 20 years ago, nice new terminal and lots of close in secure parking and the place was totally empty. interesting to see what happens, ohare freight is an access nightmare and serves the whole city.
in the 1960 s old man daley wanted to build a huge international airport downtown out in the lake. green weenies had a fit with that one and it got shut down. i still think calumet harbor and the south shore by the mills would be a great place for some of those floating barge prisons they use in other states. walking popsicles.
The rumors about MDW being sold have been around since 2005. We lived over there for 13 years. The city has had incompetent decision makers since the first Daley Admin. Robbing Peter to pay Paul. The city sold the rights to Skyway and the company that got the deal is cleaning up just like the company that got the parking meter deal. How about the city hire people who know what they are doing when it comes to make huge financial decisions. Fed Ex has a huge distribution center on S. Central Ave around 45th. I am sure they would like to expand. ATA used to fly their 757s into MDW before they went out of business. If someone were to buy MDW or lease it they would have to close off Central Ave and 55th for runway expansion. They would also have to buy up a lot of homes. The city has consistently under-funded the Police Pension which is currently at 22%. Surprise Cook Co Sheriffs PD is 60% funded. If you look up stories on big pension funds dropping their APPL Stock, you will see the Kansas Teachers Fund and the Oregon Teachers Fund are doing a hell of a lot better than CPD. When was the last audit done on the Police Pension Fund. There was a story on 60 Mins a couple of years ago and they spoke with some big Wall St Firms. The Wall St guys were making fun of municipal pension funds because they have people on the board that do not know anything about investing. I won't use the terms they used but you get the point. With all of the people retiring and they start drawing their benefits, the pension fund pond will dry up even quicker. Something has got to change. Barbara Byrd-Bennet, EX CPS boss was supposed to be looking out for the kids and ended up catching a bribery conviction. The ex city comptroller for Rahm, Amer Ahmad, was indicted in Ohio. What is the repeating theme here?
Midway Airport is named after June 1942 Battle of Midway— THE Decisive Battle of the Pacific Theatre in WW2. US Navy defeated numerically superior Japanese Forces. The title of the book by Walter Lord sums it up: Incredible Victory. The name stands for something, and can NEVER be changed.
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