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* Tribune | Whether the Chicago Bears leave or not, taxpayers are on the hook for growing Soldier Field debt payments: Due to refinancing and years of primarily paying interest instead of principal, the debt owed for Soldier Field has ballooned from the original $399 million to $631 million, according to the Illinois Sports Facilities Authority, or ISFA, which manages the debt payments. The increase in the debt alarms experts who work in stadium financing.
* Farm Week | Get to know Senate President Don Harmon: My No. 1 priority is the financial stability of our state. Unfortunately, we all lived through the nightmare of the state being unable to pay its bills and the economic shockwaves that sent through our local communities.
* Tribune | ComEd board appointment allegedly pushed by Madigan to offer glimpse into Illinois’ strange political bedfellows: Buttressed by wiretapped phone calls and emails, Ochoa’s testimony is expected to give jurors a blow-by-blow of how he overcame his ruptured relationship with Madigan to ascend to the cushy, $78,000-a-year position on ComEd’s board despite significant pushback from utility executives who had questions about his resume.
* Crain’s | Things to watch as ‘ComEd Four’ trial finally begins: The trial gets under way, too, just days after a federal jury in Ohio convicted that state’s similarly powerful former House speaker, Republican Larry Householder, in a scheme eerily like what ComEd admitted to running for nearly a decade in a deferred prosecution agreement with the U.S. Attorney’s office in Chicago.
* Tribune | A Madigan confidant. A popular executive. An insider lobbyist. A political consultant. Who are the ‘ComEd Four’?: McClain and Madigan rose together among Democratic ranks in the Illinois House. Madigan, the protege of the all-powerful Richard J. Daley, would get the mayor’s calls and deliver orders to Chicago lawmakers in the Illinois House, rising first to House Democratic Majority Leader.
* Center Square | Suspended no-cash bail law set for Tuesday hearing at Illinois Supreme Court: The Illinois Supreme Court hears the case Tuesday. It’s unclear if two justices on the panel of seven will recuse themselves from oral arguments after being the recipients of $1 million campaign donations from Pritzker before last year’s election. While the judicial code of conduct doesn’t require such action, independent observers say any appearance of conflict should lead to recusals to secure the integrity of the judiciary and its decisions.
* AP | Illinois enacts mandatory paid leave ‘for any reason’: Just Maine and Nevada mandate earned paid time time off and allot employees the freedom to decide how to use it, but Illinois’ law is further reaching, unencumbered by limits based on business size. Similarly structured regulations that require employers to offer paid sick leave exist in 14 states and Washington, D.C., but workers can only use that for health-related reasons.
* Daily Herald | ‘More of my friends might be alive’: Is a safe haven for drug users the answer to overdose surge?: The rise in drug overdoses in Illinois and the dramatic increase in fentanyl seizures by law enforcement have lawmakers reaching for solutions. One of the latest, backed by advocates for those battling substance abuse disorders and by some suburban legislators, is the proposed opening of a safe haven in Chicago for illicit-drug users.
* Daily Herald | Mundelein candidate who slighted different races’ intelligence resumes his campaign: “After careful consideration, (I) decided to resume my campaign effective today,” Ramesh Sharma wrote Monday in an email to the Daily Herald. “The people of Mundelein will decide the outcome.”
* Bloomberg | CME Group CEO Duffy says wife’s carjacking highlights ‘insane’ Chicago crime: “Three o’clock in the afternoon, my wife got carjacked right in the city of Chicago and it’s absolutely insane what’s going on here,” Duffy told the ICE House Podcast in an interview. “Ninety percent of the carjackings in Chicago are done by juveniles. So the juveniles go in and they come right back out literally an hour later.”
* Tribune | Chicago Fire to lease Chicago Housing Authority land on Near West Side: After plans for a facility in the Belmont Cragin neighborhood fell through, the team will build a 53,000 square-foot, two-story performance center with multiple soccer pitches in Roosevelt Square on the site of CHA’s former ABLA Homes housing complex.
* Sun-Times | With Lightfoot a lame duck, City Council looks to declare independence: Finance Committee Chairman Scott Waguespack (32nd), Contracting Oversight and Equity Chairman Jason Ervin (28th) and Rules Committee Chairwoman Michelle Harris (8th) are working behind the scenes to reorganize and empower the Council before a new mayor and Council are seated.
* Crain’s | New super PAC backing Vallas could allow dark money into mayoral runoff: Greg Goldner, founder and manager of Resolute Public Affairs, has formed the Priorities Chicago political action committee, created as an independent expenditure committee that can raise unlimited funds in support or opposition of a candidate, but is barred from coordinating the spending with a candidate’s campaign.
* Crain’s | What Chicago can learn from San Diego’s budget process: The vast majority of city employees in San Diego — and in Chicago, I suspect — want to do the right thing for the city. The challenge is to convince them that you’re trying to accomplish the same thing, and once we were able to do that, it hasn’t been difficult to get the information that we need.
* Sun-Times | Lightfoot orders audit to narrow gender, racial pay gap among city workers: Executive order mandates a pay equity audit every two years to identify gender, racial differences in city employee compensation and steps to remedy disparities.
* Crain’s | Taste Of Chicago Pushed Back To September As City Makes Way For NASCAR Race In Grant Park: “Moving this iconic event to the tail end of summer will prolong our vibrant festival season and spur additional tourism and economic activity downtown,” according to the events department.
* Sun-Times | As SNAP recipients see reduction in funds, Chicago residents make adjustments: ‘I make do’: Starting this month, recipients of the Supplemental Nutrition Assistance Program will see a decrease in their benefits after a coronavirus pandemic-era funding boost ended.
* AP | Biden expected to sign new executive order on gun control: President Joe Biden is expected to sign an executive order on Tuesday aiming to increase the number of background checks to buy guns, promote better and more secure firearms storage and ensure U.S. law enforcement agencies are getting the most out of a bipartisan gun control law enacted last summer.
* Sun-Times | Groups sue to halt expansion of lakeside dump on Southeast Side: The area should be converted to parkland, say organizers who want dredged toxic sediment from the Calumet River sent elsewhere.
* Tribune | ‘We came here to turn this around.’ How Shauna Green led the Illini women back to the NCAA Tournament for the 1st time in 20 years.: A star at Canisius, Green set a program record with 2,012 career points and was a four-time All-Metro Atlantic Athletic Conference selection. She always lived in the present and never thought about coaching — that is, until she could see the end of her playing days on the horizon.
* Bloomberg | Does Daylight Saving Time save energy?: The latest iteration of the Sunshine Protection Act doesn’t present DST as such. A one-pager of the bill briefly mentions reduced energy usage, and cites the 2008 Department of Energy study, but it also notes that research has “shown that the energy savings are minimal.” Instead, Rubio focuses on a more basic objection to springing forward and falling back: “This ritual of changing time twice a year is stupid.”
* NYT | A Giant Blob of Seaweed is Heading to Florida: The mass, known as the great Atlantic Sargassum belt, is drifting toward the Gulf of Mexico. Scientists say seaweed is likely to come ashore by summer to create a rotting, stinking, scourge.
posted by Isabel Miller
Tuesday, Mar 14, 23 @ 6:34 am
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===Whether the Chicago Bears leave or not, taxpayers are on the hook for growing Soldier Field debt payments: Due to refinancing and years of primarily paying interest instead of principal, the debt owed for Soldier Field has ballooned from the original $399 million to $631 million, according to the Illinois Sports Facilities Authority===
Let’s be very clear, open, transparent, and honest.
As “some” here are huge advocates for the Bears getting a Billionaire Bailout, the reality is “taxpayers” will be… will be… hurt by the McCaskeys bailing out on Chicago Park District.
For me to be “Green”…
* Bears make right with the Chicago Park District
* Structured two entities (facility, and “marketplace”) so there’s a division of each
* A five year, renewable, by agreement of both parties, taxing agreement on the “marketplace” property, maximum 3 renewals (15 years), sunsetting language.
* All infrastructure around the whole project is on the table.
Until the Bears make right with Chicago, not one nickel. Not ONE.
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 7:12 am
Snap cuts have me worried for my mother. Early 60’s and became disabled after an injury working at the now shuttered Chrysler plant in Rockford area. She’s been relying on that for the past 10/11 months while trying to get the state to grant her Disability.
Comment by Blitz Tuesday, Mar 14, 23 @ 7:21 am
I was googling to try to get more details about how this disastrous NASCAR deal went down and learned (for the first time) that it is a 3 year deal. 3 years of destroying life in downtown Chicago for residents and at the height of tourist season?
I love auto racing. I used to volunteer at auto races. This NASCAR deal just gets more terrible the more we learn about it.
Comment by Leslie K Tuesday, Mar 14, 23 @ 8:00 am
===does not include a way to track when Black history is taught during the school year ===
Gonna guess it’s February.
It’s always February.
Comment by Suburban Mom Tuesday, Mar 14, 23 @ 8:12 am
Agree with OW on the Bears deal but in addition to his proposals to get his “green,” the State needs to legislate that as part of the deal the Bears need to actually invest in winning, and winning consistently. Starting off with at least beating a Rodgers-led team no matter where he ends up next season.
Comment by Stuck in Celliniland Tuesday, Mar 14, 23 @ 8:13 am
@Leslie K
If I had the chance, I would have voted against Lori Lightfoot in the mayoral race based on that NASCAR deal alone. Surprised it wasn’t more of an issue but I guess voters felt LL messed up a lot of stuff.
Comment by hisgirlfriday Tuesday, Mar 14, 23 @ 8:18 am
===to legislate that as part of the deal the Bears need to actually invest in winning===
The sports radio blog is down the dial, there’s even a podcast.
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 8:24 am
==This NASCAR deal just gets more terrible the more we learn about it.==
There’s a NASCAR-quality speedway in the Chicago area, it’s outside Joliet. Use that. Quite a novel concept.
Comment by Stuck in Celliniland Tuesday, Mar 14, 23 @ 8:34 am
== I would have voted against Lori Lightfoot in the mayoral race based on that NASCAR deal alone… messed up a lot of stuff==
No consultation w Aldermen or constituents. Total failure of policymaking. It just goes to show bad self styled “reformers” can be.
Comment by low level Tuesday, Mar 14, 23 @ 8:44 am
Always looking for a scapegoat instead of who is actually to blame for the Soldier Field financing debacle.
Hint, it’s not the Bears.
How will Brandon’s proposed hotel tax do the convention and hotel industry that is supposed to pay for the bonds?
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 8:54 am
Ohio took the money, Illinois took the curry
Comment by Rabid Tuesday, Mar 14, 23 @ 8:54 am
@Blitz
I also know people who depend on SNAP to buy food, and the cuts hurt a lot.
I saw something the other day about how seniors are the fastest growing segment of the homeless population, and something like this is only going to exacerbate the problem.
Our social safety net is nowhere near as robust as it needs to be.
Comment by Techie Tuesday, Mar 14, 23 @ 9:02 am
===Always looking for===
You need to start looking for 60/30, and a Governor you continually run down as bad for business and Illinois, to sign off on your Gillespie Billionaire Bears Bailout.
The Billionaire Bears will first hurt Chicago, the Park District, and now they want to hurt Arlington Heights schools and students.
Why should the Bears not just pay the principal owed? Could get them closer to 60/30…
You are advocating… so you realize… The Billionaire Bears leave over $600 million in debt with Chicago on a lease the Billionaire Bears are breaking… and at the same time the Billionaire Bears want taxing considerations for 40… 4-0 years… on a building that will need renovations in 20-25 by pretending it’s “really about the marketplace”
Not one nickel. Not ONE.
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 9:03 am
=Always looking for a scapegoat instead of who is actually to blame for the Soldier Field financing debacle.
Hint, it’s not the Bears.=
So when a business cannot figure out how to finance a multi billion dollar deal that is not their fault? LOL.
Spoiler alert- they could get a loan, they want taxpayers to pay for it instead. Kind of like the British royal I guess.
Comment by JS Mill Tuesday, Mar 14, 23 @ 9:07 am
It appears that the Illinois Sports Facilities Authority may have done more mismanaging than managing. If the Bears have lived up to their end of the lease for Soldier Field, they should not have to pay down the debt.
Comment by The Magnificent Purple Walnut Tuesday, Mar 14, 23 @ 9:07 am
===If the Bears have lived up to their end of the lease for Soldier Field, they should not have to pay down the debt===
Then no Billionaire Bears Bailout.
I’m cool with that ending.
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 9:09 am
===If the Bears have lived up to their end of the lease for Soldier Field===
… they’d be staying till 2033
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 9:19 am
The Bears have been paying their rent but the sports facility has only been paying interest which of course should not surprise anyone as kick the can is everyone’s favorite game in Chicago when it comes to finance. I fully agree that the Bears should not get one thin dime except for possible normal infrastructure (sewer, water etc). They are looking at doubling maybe tripling the value of their franchise with this project and want taxpayers to help them achieve that is pretty outrageous. When they sell the team for 10 billion are they going to return any monies to the taxpayers? Of course not.
Comment by regular democrat Tuesday, Mar 14, 23 @ 9:20 am
Why don’t the Bears pay the 600 million in principal owed for an asset owned by the Chicago Park District and mismanaged by the Illinois Sports Facilities Authority? Do they get the title to the land and building then?
With that keen grasp of finance I am sure there is a place for you in the Brandon Johnson administration.
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 9:27 am
Lightfoot cant leave office soon enough. Seriously. Dont let the door you know what. Then downtown residents will have this crap event to remember her by until 2026.
Lets hope the Wagespauck / Harris efforts at more city council
autonomy are successful and provide greater oversight for events such as this in the future.
Comment by low level Tuesday, Mar 14, 23 @ 9:29 am
===With that keen grasp of finance===
The Bears are worth ~$5.8 billion (with a b), and have less that 2% debt, according to Forbes, and according to the Packers public records, the Bears will receive, roughly, $330 million (if they haven’t already) in March.
With the backing of the NFL, naming rights. PSLs, skybox monies, the Bears can’t finance a building?
“Accountants”, heal thyselves, lol
- LP -, you say Illinois is a terrible place for business, “never” has balanced budgets, over-taxed…
The state can’t afford helping the Billionaire Bears.
You should be first in line *AGAINST* this.
Why aren’t you?
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 9:33 am
I would think the new mayor could cancel the NASCAR deal, especially if people complain loudly enough this summer.
Comment by Friendly Bob Adams Tuesday, Mar 14, 23 @ 9:35 am
===Why don’t the Bears pay the 600 million in principal owed===
Show me your 60/30 *with* the governor on board with a bailout….
Show me your 71/36 *with a promise to override a veto* to a bailout…
Otherwise, yeah… pay up. Get those “green” votes by paying up.
The Bears are suppose to stay till 2033
Consider this a “breaking the lease fee”… for votes and a signature
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 9:36 am
Breaking the 6 million dollar a year lease with 10 years to go for a normal infrastructure on a stadium that would take a minimum of 4 years to build by paying 600 million dollars?
Let’s go Brandon!
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 9:39 am
=Always looking for a scapegoat instead of who is actually to blame for the Soldier Field financing debacle.=
Doesn’t sound like a winning argument in getting state or local assistance. In fact what it does sound like is “give me everything I’m asking for to create the best deal for me, but if it doesn’t work out for Arlington Heights or the State, not my problem.” Good luck with that.
Comment by Pundent Tuesday, Mar 14, 23 @ 9:43 am
==Why aren’t you?==
Because trolls aren’t logical.
Comment by Big Dipper Tuesday, Mar 14, 23 @ 9:55 am
==Why don’t the Bears pay the 600 million in principal owed==
How about make Aaron Rodgers pay it back. Doesn’t he own the Bears? Or if that’s too much for him, then maybe get the Packers to pitch in.
Comment by Stuck in Celliniland Tuesday, Mar 14, 23 @ 9:55 am
LP
The state has the absolute right to include a payoff if they choose to do so as part of a package for the Bears to move. If the Bears don’t like it then they don’t have to take the offer. I’m not saying the legislature would do that in the legislation but it would be within their right to do so.
You seem to have zero grasp on the concept of getting to a point where there is enough votes to pass something. You just want to do what you always do and that is to simply whine about everything.
And, it really is nice to see you continue to fight for those billionaires. lol. What, are you on contract with the Bears to be their shill?
Comment by Demoralized Tuesday, Mar 14, 23 @ 9:59 am
It’s nice to see paid leave signed into law. The U.S. is behind the curve when it comes to mandating paid leave for everyone. I’m glad Illinois has done something that Congress has failed to do.
Comment by Demoralized Tuesday, Mar 14, 23 @ 10:01 am
So logical to pay to 600 million in Soldier Field debt and in return get a sewer system, wider roads and traffic lights
Who wouldn’t make that deal?
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 10:04 am
==I would think the new mayor could cancel the NASCAR deal, especially if people complain loudly enough this summer.==
The contract allows the city to cancel future years with 180 days notice. With the shortfall in hotel taxes mentioned in the stadium bond payment article, it seems the prudent thing to do would be to see what the revenues and hotel occupancy look like before making that decision.
Comment by Anon324 Tuesday, Mar 14, 23 @ 10:05 am
Listened to the oral arguments on the SAFE-T Act this morning. There were some interesting questions from the Justices and it didn’t seem like some of them were buying the argument that the General Assembly doesn’t have a right to do what they did as far as eliminating cash bail.
Comment by Demoralized Tuesday, Mar 14, 23 @ 10:09 am
* NYT | A Giant Blob of Seaweed is Heading to Florida:
My previous attempt was blocked and for good reason, I suppose. So I’ll try again:
So a Giant Blob of Seaweed has something in common with Rauner, Griffin and Proft.
Comment by don the legend Tuesday, Mar 14, 23 @ 10:20 am
==Who wouldn’t make that deal?==
They wouldn’t have to. Up to them. Again, you are clueless when it comes to what it takes to get something passed. You whined during the Rauner years about that and you are still whining about it now. I can’t help it if you don’t understand how the legislative process works. If you think whining works then I guess continue doing what you are doing.
Comment by Demoralized Tuesday, Mar 14, 23 @ 10:21 am
===Let’s go Brandon===
No, that’s Trump, bailing out Billionaires like the McCaskeys.
Your projection is comical.
===Who wouldn’t make that deal?===
The deal the Billionaire Bears should make is…
* 12-year, $100 million naming rights
* Pre-sale skyboxes (then the required tickets too, don’t forget, a two-fer)
* Pre-sale Personal Seat Licensing, allowing the opportunity to then buy tickets.
* Get financing. Have the NFL back the note. Borrow off the asset value of the land asset to build
* Announce a self-financed building and project.
That’s a deal.
Otherwise… where’s your 60/30, signature… 71/36 override?
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 10:24 am
- LP -
Where are the Billionaire Bears’ “corporate sponsors and partners”?
You want that to include “the cost of education in Arlington Heights”… “Illinois and Arlington Heights taxpayers”
Those aren’t partners, they’re getting fleeced, like you said, for “revenue”
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 10:30 am
==The contract allows the city to cancel future years with 180 days notice.==
How about the new mayor declare “a public health crisis” downtown (i.e., exhaust fumes cause respiratory disease), and immediately cancel the race on their Day One in office?
Comment by Stuck in Celliniland Tuesday, Mar 14, 23 @ 10:33 am
===How about…===
… you try to add to the discussion with honesty to an idea, or just give the “Springfield Patch” report on a clogged storm water drain?
Geez, Louise.
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 10:37 am
Is the Chicago City council that approved the billion in tax subsidies to the Lincoln Yards development, because it is in the long term best interests of economic development, run by MAGA Trump supporters of billionaires?
Still don’t understand how on earth you think a redeveloped Arlington Park would provide less tax money to schools and Arlington Heights than it receives today.
Wanna bet the stadium gets built and the government pays for the infrastructure through an entertainment tax?
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 10:43 am
==How about the new mayor declare “a public health crisis” downtown==
🤦♂️
Comment by Demoralized Tuesday, Mar 14, 23 @ 10:43 am
OW, Thank you. I live in “Celliniland”. You’d be hard pressed to find 10% of today’s voters who would know who he is talking about. But I imagine there is a commenter in New York who is “Stuck in BossTweedLand”.
Comment by don the legend Tuesday, Mar 14, 23 @ 10:49 am
==Still don’t understand==
No, you don’t. That’s obvious.
Comment by Demoralized Tuesday, Mar 14, 23 @ 10:49 am
===Lincoln Yards development===
Not the same, as the Bears are in a closed industry with all shared revenues and closed markets exist for competition.
Trump tried to own an NFL franchise, k, you’re missing the point because you have no point except to try to help the McCaskeys fleece Arlington Heights.
===you think a redeveloped Arlington Park===
No one forced the Bears to buy without legislative guarantees. If anything they should flat out fire their business managerS for such a move, thinking that a Billionaire Bailout is guaranteed
What’s next, comparing AH to Englewood CA for the “need of businesses” and the Bears are the Rams and Chargers bringing “hope” to the blight that is Arlington Heights?
===Wanna bet the stadium gets built and the government pays for the infrastructure through an entertainment tax?===
That’s good governing.
Great governing is making the Billionaire Bears pay for their own projectS and *then* add the Amusement Tax
The Bears can do this all on their own.
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 10:56 am
Don’t kid yourself OW the fans will pay for all of this largesse one way or another.
The stadium won’t get built without the support of neighbors in Arlington Park and surrounding areas who you assume prefer the empty park as it is.
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 11:10 am
===the fans will pay for all of this largesse one way or another.===
Then let the Bears pay for all of it, the taxes after will sort out the rest.
Why would the Bears want to be the bad guys making people pay “one way or another” to increase revenues and get breaks too?
===The stadium won’t get built without the support of neighbors in Arlington Park and surrounding areas who you assume prefer the empty park as it is.===
The Bears will lose money too, owning a parcel of land just sitting there.
Anything else? You about done?
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 11:15 am
== who you assume prefer the empty park as it is==
I haven’t seen that assumption made.
Comment by Demoralized Tuesday, Mar 14, 23 @ 11:21 am
Do you ever have an honest disagreement with anyone without pulling out your blowtorch?
Comment by Lucky Pierre Tuesday, Mar 14, 23 @ 12:08 pm
===Do you ever have an honest disagreement===
When have you had one of those?
If you were being honest about the Bears, you’d be against it, the state giving handouts, choosing winners and losers, high cost of union labor…
You’re dishonest… and *now* you’re honest?
Sure, Jan
Comment by Oswego Willy Tuesday, Mar 14, 23 @ 12:18 pm
==Do you ever have an honest ==
lol. That’s pretty rich coming from someone who is dishonest himself.
Comment by Demoralized Tuesday, Mar 14, 23 @ 12:29 pm
What did I say that was dishonest?
The Mc Caskey’s or whoever they sell the team to in the next few years will definitely build a new stadium in Arlington Heights and they will work something out with the government
Comment by Luck Pierre Tuesday, Mar 14, 23 @ 1:35 pm
===The Mc Caskey’s or… will work something out with the government===
Talk to the Ricketts, get back to me.
Comment by Oswego Willy Wednesday, Mar 15, 23 @ 5:42 am