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Isabel’s morning briefing

Posted in:

* Here you go…

posted by Isabel Miller
Friday, May 12, 23 @ 7:42 am

Comments

  1. Alex Degman has an article this morning about the efforts of the Community News Brief in Macomb helping to reduce the news desert that McDonough County has become in recent years, due to Gannett, Sinclair, and Gray Media:

    https://www.wbez.org/stories/decline-of-local-journalism-raises-risk-of-news-deserts/cd71794f-a34f-4935-9191-02b800e6996c

    Comment by Stuck in Celliniland Friday, May 12, 23 @ 8:07 am

  2. The situation with the community and the old South Shore high school being used as a shelter is horrible. Shame on these community members. This morning on WGN I listened as one of the protest leaders complained about the institutional racism black people have faced over the years (and they definitely have)and now they want to turn around and do the same thing to these folks who are essentially refugees running from a horrible situation. Shameful.

    When the Burr Ridge mayor complained about migrants being placed in a local hotel, he was properly called out for his racism.

    Comment by JS Mill Friday, May 12, 23 @ 9:12 am

  3. “This is an excessive sum for property that will sit idle and will have no commercial use for at least the next two years.”

    Arlington Heights’ school districts have an obligation to the families that they serve, not to the McCaskey family’s business plan.

    If you can’t afford to pay the taxes on something, just do what I do: Don’t buy it.

    – MrJM

    Comment by MisterJayEm Friday, May 12, 23 @ 9:16 am

  4. The Bears want a “want”, it’s not a “need”

    School boards are telling the Bears it’s horrific.

    The Bears can easily finance the stadium, if they *WANT* a shopping complex for “enhancing revenues”, take a loan for that too.

    The Chicago Bears / The McCaskey family will see a worth windfall of no less than $400 million with the sale of the Washington Commanders. Not doing a thing, voting to approve a sale… $400 million in value for the Bears, at minimum.

    The governor called it a “bailout”, school boards see the horrific damage… not one nickel. Not one.

    Comment by Oswego Willy Friday, May 12, 23 @ 9:27 am

  5. Like they say in the movie “Stop trying to make NASCAR happen”….

    Comment by Friendly Bob Adams Friday, May 12, 23 @ 9:28 am

  6. Loved that Dixon story in Politico. Used to live out that way, and I’m a government worker, so I’ve always been fascinated by the story of Rita Crundwell. There is a great documentary on this called All the Queen’s Horses if you want to learn more.

    Comment by DHS Drone Friday, May 12, 23 @ 9:31 am

  7. I’d also add, if the Bears are gonna beef about a $14 million in a property tax increase, just wait till they try to get 60 and 30 and a signature without a minimum of $300+ million to Chicago (even over 10 years) to get any legislative relief for Arlington Heights.

    The Bears can always sell the parcel, and where will they move to after that?

    Truly a textbook lesson on how not to leverage, maneuver, or work a deal to “maximize revenues with public help”

    Not one nickel.

    Those schools will suffer. You can choose kids or schools at this point. That’s where it sits, today.

    Comment by Oswego Willy Friday, May 12, 23 @ 9:33 am

  8. “Nonstarter”

    Someone want to explain leverage to this cat.

    What the Bears are selling the school boards ain’t buying.

    Comment by Flyin' Elvis'-Utah Chapter Friday, May 12, 23 @ 9:40 am

  9. Media headed to Peoria may need some questions for DeSantis and the LaHoods….
    Are they worried Trump will revoke the Confessed Congressman’s free pass? How much help did CitadelKen provide to get the free pass from Trump and end the gag order? What was Ray’s Talent Fee for the smear job on Kilbride. Did he pay taxes? Did he pay his $50K fine? Did he pay taxes on the package he got from the Nigerian Oil Baron? Will help with a local angle. Will check back Monday.

    Comment by Annonin' Friday, May 12, 23 @ 9:44 am

  10. The fact that the Bears paid $197 million seems to me to be an indication that that is the minimum it is worth. So why should shouldn’t they have to pay taxes on that amount? Just like I do when I purchase a home.

    Comment by Captain Obvious Friday, May 12, 23 @ 9:46 am

  11. “Those schools will suffer. You can choose kids or schools at this point. That’s where it sits, today.”

    The Bears (McCaskey Family) have always operated a billion dollar business like a mom & pop shop, so I get they are way out of their element in getting this stadium built but how exactly are the schools going to suffer? The Bears own proposal will have them paying more taxes than previously generated when the property was a racetrack.

    Comment by Timzilla Friday, May 12, 23 @ 9:51 am

  12. Right now the “Bears” have a house along the lake, built to their specifications and they have received billions in Welfare.

    If they dont like their current home, repay the money and then your free to move.

    But pay for it yourselves.

    Just because the former college administrator got somebody else to build a stadium and mooch off of taxpayers doesent mean it will happen again.

    No Welfare for the Bears!

    Comment by Jerry Friday, May 12, 23 @ 9:55 am

  13. Certainly the Bears can afford it but I am curious how much money did local governments get under previous ownership. I thought they got a huge rebate and even the taxes they paid got reimbursed by state or county. I thought that was wrong then and don’t think Bears should get it either

    Comment by DuPage Saint Friday, May 12, 23 @ 10:03 am

  14. I did a quick look at info from the NASCAR economic impact study. It is based on 100,000 spectators and 24,000 room-nights. There are approximately 45,000 hotel rooms in downtown Chicago. I really doubt there were 24,000 vacant hotel rooms over July 4th holiday. I would be interested in seeing what the normal occupancy rate for July 4th was in the past.

    Comment by City Guy Friday, May 12, 23 @ 10:22 am

  15. City Guy- you’re on the right track. Per the Tribune article, the Choose Chicago touism group says Chicago will have 5.4 million visitors in 2023.

    So that averages to about 100,000 a week over the whole year. The NASCAR event with basically be an average week for Chicago.

    At the cost of shutting down Grant Park for quite a few days including set up and tear down.

    Comment by Friendly Bob Adams Friday, May 12, 23 @ 10:37 am

  16. =If you can’t afford to pay the taxes on something, just do what I do: Don’t buy it.=

    Sage advice from one of the best on the blog.

    Comment by JS Mill Friday, May 12, 23 @ 10:47 am

  17. Minimum of 300 million to Chicago?

    Lots of luck with that, don’t buy a lotto ticket today

    Comment by Lucky Pierre Friday, May 12, 23 @ 10:55 am

  18. ===Lots of luck with that, don’t buy a lotto ticket today===

    Nah. That’s what the Bears should do if they are crying “poor” and still can’t find 60/30 with a governor looking at things as a Bears Bailout.

    The Bears can always, as their right, reject any and all plans, but the Bears can’t expect as a right some corporate welfare.

    The Bears should just get private financing and be done with it.

    Comment by Oswego Willy Friday, May 12, 23 @ 11:44 am

  19. * ===Belleville News-Democrat | New regulations could force southern IL power plant to install new technology or shut down: With a few notable exceptions….. The biggest outlier is a coal-fired plant in southern Illinois owned by dozens of municipalities in Illinois and across the Midwest and Mid-Atlantic states.===

    Electric rates can influence decisions of where large companies locate new manufacturing. Having abundant, inexpensive electricity is an important factor. Illinois needs to encourage companies to bring in wind and solar power and install mega-size battery-farm storage. Permitting should be fast-tracked and roadblocks removed. Affected property owners should be paid a percentage above low-ball prices on eminent domain.
    Other states seem to be going ahead of us with large power projects and new power lines to bring in the power. We will need much more electricity when the coal plant shuts down, at the same time electrical demand goes up because of more people getting electric cars.

    https://www.youtube.com/watch?v=SxntVvGSPqw

    Comment by DuPage Friday, May 12, 23 @ 11:55 am

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