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Wednesday, June 16

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The Mechanics
« Illinois Congressional Delegation Musical Chairs Yes Kids Can. And Boy, Did They. »

City Council Thu Nov 06 2008

Day by Daley

(With all due love to the Daily Daley.)

Good morning, Chicagoans! Take a sip of that coffee, ignore the smell from the next cubicle over, and get your head in the local game with your Day by Daley.

Block 37's Problem? Not Enough Subsidy. If you're going to suggest pumping more public money into a city planning travesty like Block 37, what better news day to do that than the day after America elects its first black President? This is why the guy has been more for almost twenty years. Don't front. Mayor Daley is proposing granting a $12m subsidy to developers to get a hotel built at Block 37. Maybe this $12m will finally tip this project from "giant money pit" into "awesome revitalization project that is a testament to His Elective Majesty's wisdom". What do you think? Why are you laughing?

Spend It On Public Housing? Gahahahha Two referenda in Lakefront communities dealt with the use of tax increment financing (TIF) money. One directed Aldermen to insist that 40% of TIF money go to public housing, the other that developers who receive money should be directed to hire locally and pay a living wage. Maybe these wild-eyed radicals didn't get the memo: asking businesses to do anything they don't want to equals socialism. Giving them public money is just public administration.

More Daley TIF Hijinks Check out Ben "TIFs! TIFs! TIFs!" Joravsky on municipal bonds tax levies um, TIFs:

On occasion the mayor and the council will directly dip into TIF reserves to pay for a project, as they did in the case of Millennium Park and are currently doing with Block 37. But by and large they finance deals by borrowing against future TIF dollars, selling bonds that get repaid with revenues they expect to collect in years to come. Last year, for instance, the city sold about $356 million in bonds to be paid back over the next 20 years with money collected in various TIF districts. The money was earmarked for building new schools.

Who says local politics is arcane?

Parking Tickets: The Cornerstone of our Democracy The financial Rube Goldberg machine the Mayor has built is collapsing around him, and he needs you to pay those damn parking tickets.

Pay it Forward, Candidate Moneybags. Mayor Daley wants the Obama campaign to pay the city back for the price of the victory event on Tuesday.

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Parents Still Steaming, but About More Than Just Boilers

By Phil Huckelberry / 2 Comments

It's now been 11 days since the carbon monoxide leak which sent over 80 Prussing Elementary School students and staff to the hospital. While officials from Chicago Public Schools have partially answered some questions, and CPS CEO Forrest Claypool has informed that he will be visiting the school to field more questions on Nov. 16, many parents remain irate at the CPS response to date. More...


Substance, Not Style, the Source of Rahm's Woes

By Ramsin Canon / 2 Comments

It's not surprising that some of Mayor Emanuel's sympathizers and supporters are confusing people's substantive disputes with the mayor as the effect of poor marketing on his part. It's exactly this insular worldview that has gotten the mayor in hot... More...

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