The [Tuesday] Papers
BREAKING 1:52 P.M.: Daley Not Running For Re-Election.
"Like a poker player who has gone all in on a bet that's too big to lose, the Daley administration is expected to explain to aldermen on Tuesday why it needs to quickly issue $1 billion in new bonds to prevent the expansion of O'Hare International Airport from folding," the Tribune reports.
"With less than half of the mega-project completed, the city is running out of money and needs the bond deal to continue work. In the high-stakes game of Chicago-style airport expansion, the fresh money would basically buy time to keep the project going with the hope that the city will be able to persuade the airport's two largest tenants, American and United airlines, to sign on."
And if they don't? Maybe the city will sell the airport to Morgan Stanley.
"Ultimately, the city will need to raise at least $3.3 billion to finish the job - and that's without new terminals, a People Mover extension and other infrastructure that Chicago officials once deemed integral to building the first runways at O'Hare in almost 40 years."
Read the whole story. I'll be here when you get back.
"It appears that Gov. Pat Quinn may be near a major announcement on the airport near Peotone," Phil Kadner reports.
And . . .
"The O'Hare Modernization Program could cause more neighborhoods in nearby Bensenville to be wiped out," WBEZ reports.
Let Them Eat Sales Taxes
How They See Us
- Nebraska Democratic Party State Chairman Vic Covalt, calling for an investigation of the Republican governor
"Here, you might not even see gangs hanging out on the streets.
"Gang members might not wear their gang's colors, sport its identifying tatoos, or display its hand signs.
"But, police say, in the last three years, gang members were responsible for the murders of three young men gunned down on city streets, and members of one gang, the South Side Locos, planned to kill a gang detective in 2008."
"A lot of the Obama programs have their hearts in the right place, but they have created an enormous amount of turmoil," he said. "What's stopping up the toilet is the enormous amount of uncertainty. Consumers are asking, 'How much will I be paying for health-care coverage?' and 'What's the value of my house?' and 'Am I going to have a job in the next year?' Bank executives are asking, 'If I loan this guy money, can he pay me back?' And businesses are asking, 'What will it cost me to hire this guy?' and 'What am I facing in health-care costs and the tax rate?' The best thing we could use is something sedate."
But let's be honest: Aren't we at least slightly satisfied when an alderman is the victim of a crime? I know it's not right but . . .
What I Watched Last Night
The Quade Kool-Aid
Tambourines and Elephants
The Beachwood Tip Line: Playing with the band.
Posted on September 7, 2010
© 2006 - 2017, The Beachwood Media Company