Chicago’s McCormick Place convention center has been a political money pit for nearly 60 years. And now state lawmakers are considering whether to keep subsidizing failure with more tax dollars.
Illinois stands above its peers when it comes to taxing residents. But Chicago makes it really something to behold when visitors see that famous skyline with all its tall taxes.
The Illinois Sports Facility Authority paid $1.6 million for a September concert at Guaranteed Rate Field, featuring Diddy and Fat Joe, even though it had to cancel the event.
A new ordinance would ban all cars with autonomous technology from Chicago, preventing Uber from expanding the fleet of self-driving vehicles it recently introduced in Pittsburgh.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.