Morning shorts
Thursday, Oct 16, 2008 - Posted by Rich Miller
* A road to compensation opens in wrongful conviction cases
Former Illinois inmates exonerated of wrongdoing now have another recourse after enduring long delays for clemency decisions by the governor.
Lawyers at Northwestern University’s Center on Wrongful Convictions plan to take advantage Wednesday of a new law that allows the exonerated to circumvent the governor and file for certificates of innocence directly from circuit courts.
* Rosemont’s casino bet tops foes by $210 mil.
* Rosemont bid for casino nearly double Waukegan’s
* Rosemont bid for casino license at $435 million
* Seven Illinois Cities Vie for 10th Casino License
* A breakdown of the companies’ bids for the license
* Illinois section of natural-gas pipeline about halfway complete
It’s over budget and behind schedule, but a natural-gas pipeline that will stretch from the Rocky Mountains to eastern Ohio is well under way in Illinois.
Construction is about halfway finished in Illinois, where three firms that are partnering to build the 1,679-mile Rockies Express Pipeline — one of the longest in the nation — expect to spend $1 billion on the state’s portion, pipeline officials said during a Wednesday tour of the construction. By April, the pipeline should be delivering gas here, they said.
* Tribune may alter Cubs deal
Tribune Co. is considering retaining a larger ownership stake in the Chicago Cubs, said sources involved in the deal, as the company explores options to sell the team amid the nation’s worst financial conditions in decades.
With banks reluctant to make loans, Tribune Co. faces increasing risk of prospective buyers dropping out of the auction or being unable to close a deal in the next few months no matter how creditworthy they are. In addition, the higher costs of borrowing could trim the size of the bids.
To address some of the concerns, company officials have tossed out the idea of keeping more than 5 percent of the franchise, said three sources close to the bidding process. In this way, the buyer would have to come up with less cash but still gain controlling interest in the team. When lending markets open up, the buyer would have the option to buy Tribune Co.’s ownership interest.
“Things are very fluid right now,” said a source close to one bidder, who spoke on the condition of anonymity because the sales process is ongoing. “Tribune is looking for ways to get the deal done.”
* Cook County hospitals’ total cost: $1.1 billion
The $1.1 billion figure represents what the hospitals system is seeking from the Cook County Board and President Todd H. Stroger. When pension and other costs currently being carried on the county’s books, rather than the hospitals books, are subtracted, the budget is roughly $1 billion.
* Cook forest preserve budget has no tax increase
* U of C Committed to Milton Friedman Institute
* Challengers seek changes in state’s attorney’s offices
The top prosecutors in Lake and McHenry Counties face November election challengers who are upset with the status quo for very different reasons.
In Lake County, Democrat Michael Jacobs is making his second straight run at Republican State’s Atty. Michael Waller, claiming the 18-year incumbent hasn’t done enough to protect the public from sexual predators.
In McHenry County, Thomas Cynor, also a Democrat, claims Republican State’s Atty. Louis Bianchi has done too much when it comes to personnel issues.
* Google Answers the iPhone
- Captain Flume - Thursday, Oct 16, 08 @ 9:27 am:
I just read that the state treasurer is investing $1 Billion into Illinois banks. From an AP story in Crain’s:
“(AP) — Illinois state Treasurer Alexi Giannoulias plans to make a $1 billion deposit in the state’s banks, giving them needed cash for borrowers in a bid to dismantle a credit jam and brace the state during the financial crisis.
Giannoulias told The Associated Press he will make the money available to interest-bearing bank accounts by shifting it from lower-yielding investments in one of the first sweeping moves by a state government to face down a menacingly volatile economy.
The first-term Democrat planned to announce the cash infusion later Thursday.”
- Cal Skinner - Thursday, Oct 16, 08 @ 9:48 am:
re personnel in the McHenry County State’s Attorney’s Office. 48% of the 31 assistant state’s attorneys are now women.
Perhaps the old boys network doesn’t like that.
- Cheswick - Thursday, Oct 16, 08 @ 3:33 pm:
In case this hasn’t been posted elsewhere:
Choke Cubs Choke so sad… and yet freaking hilarious!
- Hickory - Thursday, Oct 16, 08 @ 6:34 pm:
Cuban should purchase the Cubs and move them to Marion Il. That would allow the IDOT employees to stay in Springfield.