Wishful Thinking?
We're sensing a bunch of disappointment on the horizon:
The Obama Presidential Center's grand opening is less than one month away.
The museum and library are expected to bring tourists to the city, and businesses near the center are expecting a big boost. ABC7 spoke to business owners who say more customers means more jobs for Chicagoans.
In the shadow of the Obama Center, many on the South Side are eager for that promised economic boost. A beautification project in Woodlawn is among the new jobs for MGE Property Solutions. The owner, Malki Brown, told ABC7 that with more development happening around the Obama Center, they are getting more clients and hiring more workers.
These "expected" impacts never last much longer than a few years, if that. Americans have notoriously short memories and Chicagoans even shorter ones. The only way this thing makes money is forced field trips by CPS and suburban schools for a few years, maybe a few political fundraisers or left-wing conventions.
Supposedly, they haven't even funded the endowment that's going to cover regular maintenance and grounds-keeping so Chicago and Illinois taxpayers will be tagged for that soon. Taxes will kill the rest of it.
Labels: money questions









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