Chicago Death Spiral Resumes
After a three-month stutter, Conehead's reign resumes it's resemblance to a toilet flush:
Chicago-area business activity contracted in April, resuming a long-term decline after three months of expansion, according to the Chicago Business Barometer.
The metro area scored 49.2 for the month, down from 52.8 in March. A score below 50 indicates decline.
The return to business activity contraction is particularly worrying because after 25 consecutive months of contraction from December 2023 to December 2025, the baseline for achieving an overall expansionary score is much lower.
Keep in mind the businesses associated with a large business leaving town....say a sport franchise worth a few billion dollars:
- sales taxes on ticket sales; concessions and souvenir sales; parking fees;
- people staying in hotels, patronizing restaurants and bars;
- all the other people who operate or work for those associated businesses
That type of contraction leaves a short-term unfillable gap in tax revenues....and maybe a permanent one, kind of like all those conventions leaving McCormick Place for either Florida or Vegas.
Now imagine two sport franchises leaving within a couple years of each other - one to either the burbs or Indiana and another to Tennessee.
"Death Spiral" barely describes what's underway.
Labels: city politics, money questions
posted by SCC at 12:07 AM
28 Comments:
I know a bunch of good people who are tired of all that is going on and are seriously making plans to move. Just shaking my head. It’s over.
More like a death plunge. My friends are all fleeing the city and state, it's an unsafe and unaffordable hell hole.
I'm figuring out my exit strategy too. Sadly, I love where I live, but how long until poverty and feral made disaster strikes? No thanks
To add to this, a friend of mine produces corporate meetings for groups that run about 1000 people and under.
He was telling me that there used to be several of these a year from big shows at McCormick place, groups would rotate through over the course of a show.
Now he says, not only is it rare to do a show at McCormick place, but these same clients actively ask for new venues in the suburbs. Also, many clients have moved these events out of Illinois, mostly to Florida, Texas, and Nevada. He now travels a lot.
Side note, the big exodus hit full speed under Lori for his business.
Welcome to Shitcago, Hellinois
I'm in Chicago for training, was a few months ago too for 2 months. I don't spend a dime, bagged it every single day. Even passed on the free office lunches on Fridays. I used to drop 5k a year downtown, it's maybe $250 now just when I see the kids. Am I the only one?
Chicago is a dumpster getting full and ready to collapse.
Many many years ago, OPS was catching up to me when I worked on the South Side. I went to the North Side til I could clear up the CR's. Worked with a good bunch of guys and we were going out for drinks after work on afternoons. I was changing in the locker room and tucked an off duty gun in my waistband. A North Side guy noticed and asked why I would take a gun out with me.." were not out on the crime ridden Southside?" he said....
Passing up a free lunch?
I've noticed driving on Milwaukee Av in 016 all the vacant store fronts today.
All these shops are closing.
I got less than a year left and then gone just like a lot more officers. I will never return to this state after I leave. Good luck to all you young officers contributing to my pension
Don’t forget the shootings!!!
16 people shot on Saturday alone
I love the Sox but they suck so they can head to Tennessee.
I worked at 018 for 15 years everyday there are hundreds of criminals wandering around looking for victims, I refuse to go Downtown.
don't worry,,, once eddie burke's house sells for $1,500,000 the city will have enough tax money coming in
No you aren't the only one. I spend far less. I only visit when absolutely necessary and flee asap. I lovebthe city, but it's too feral driven.
Elections have consequences ! The indoctrinated brainwashed, socialist, democratic sheep are responsible for their own devise ! You Democratic morons voted this incompetent, ignoramus into office and are now paying the price for your stupidity ! Chicago is imploding right before your eyes ! Crime totally out of control, ghetto savages, running wilding in the streets, taxes out of control, businesses, and their jobs leaving not only Shitcago, but the state of Hellinois To Red states ! Looking more like Detroit every day !
At the rate the city is going, we will be lucky to have a pension.
Passing on the free lunch is a principled decision, Chicago will get as little tax dollars off of me as possible. 25 buck lunch is 2.50 to them.
Just last year my company only required us to be in the downtown office 8 days a month. Now it's been pushed up to 3 days a week because the mayor wants it that way. My company has some city contracts. Johnson figures the more people downtown; they will spend money. Not this sucker! I don't spend squat in this city.
Don’t forget the Auto show they don’t even wanna come here anymore. Last year many of the manufacturers did not even show up. They shrunk their space measurably Rosemont is getting a lot of the other shows that we used to get delusional Democrats pieces of garbage, elected morons destroying everything.
Same here on not spending any money while in the city M-F for work. Used to buy lunch there when it didn’t hurt. Pay ain’t keeping up with inflation and the means I have to live within won’t support their conspicuous consumption.
Side note: saw a shiny Escalade make an illegal right turn from the bus lane from Madison onto Dearborn around noon. Traffic is jamming up pretty bad, then two unmarked Suburbans flip on their blue lights and angle out, front and rear, blocking for some potentate to get out from the traffic side while the traffic gets worse with gridlock. Probably a star bellied sneech on her way to work a half day for CPS.
Minimum 5 hour daily commute if Metra has no issues (rare). We had 3 days per week until last summer, back to all 5 since then. The worst part is having no regular place assigned so every week is a crapshoot on how bad your neighbors will be with excessive talking and/or farting, packed in close like the high school library. Let’s hear it for izzat and jugaad!
You noticed that today!?!?! Jeff park on Milwaukee has been like that for 15 plus years.
Rosemont is my Go To now for all forms of entertainment since their PD is very aggressive and active pushing the usual suspects out at every turn. Groceries only in Harwood Heights including gas. Every day is a Game to me. How do I not spend in the city and still get what I need.
I haven’t spent a penny in Chicago since 2020. I really loved that city my whole life. I wouldn’t go downtown on a $10,000 free cash give away prize, I’d turn it down.
Let me know if I can get that 10,000 prize.Happy to cash in on that deal.
Odds are that 16 will be much lower than this weekend. Hopefully I am wrong but 30 yr of experience says over 16.
But there are many vacationers at the Bean!
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