Tag: Bob Fioretti

Da Mare’s Private Road to McCormick Place

A $43 million busway built to whisk conventioneers between downtown hotels and McCormick Place has turned into “the mayor’s road” and should be opened to taxicabs in exchange for a surcharge, Ald. Robert Fioretti, 2nd said Monday.

Fioretti suggested turning the 2.5-mile busway into a money-maker after Chicago Sun-Times columnist Neil Steinberg lifted the veil on a shortcut politicians and contractors enjoy, but everyday Chicagoans know little or nothing about.  …

“I was told by some of the people in Planning that it was a good idea. But then, they came back and said, `No. It’s the mayor’s road.’ That’s what I was hit with,” [Fioretti] said without identifying the city planners by name.

Fioretti said when he argued that Chicago could not afford to maintain a “clout road” for VIP politicians, he was told there were “security reasons” for keeping the road closed to other vehicles. But he was never told precisely what those “security reasons” were.

In Monday’s column, [Chicago Sun-Times columists] Steinberg talked about his ride with County Board President Toni Preckwinkle on the road Mayor Rahm Emanuel calls the “Bat Cave” and Preckwinkle calls the “Magic Road.”

It is accessed only by those fortunate enough to be issued a plastic card that opens a steel gate to the busway that runs along Illinois Central right of way parallel to Michigan Avenue.

Built in 2002 by the Metropolitan Pier and Exposition Authority, the 2.5-mile roadway was billed as a speedy shortcut for conventioneers staying in downtown hotels and attending McCormick Place conventions.

As Steinberg noted, a trip that takes 25 minutes in traffic up Lake Shore Drive can be completed in just eight minutes.

via Chicago Sun-Times.

I’ve known about this “road” since forever as I used to walk by the entrance regularly.  There are a few “secret” entrances in the South Loop where the gates are almost always up.  I’m surprised folks on bikes are not on this thing all the time.

Regardless, nice to see the mayor serving no one but himself.

Illinois Credit — Worst in the Nation

Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s lame-duck session.

Standard & Poor’s Ratings Service downgraded Illinois in what is the latest fallout over the $96.8 billion debt to five state pension systems. The New York rating firm’s ranking signaled taxpayers may pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.

“It’s absolutely bad news for taxpayers,” said Dan Rutherford, the Republican state treasurer.

Illinois received its bottom-of-the-pack ranking when it fell from an “A” rating to “A-minus.”

via Chicago Tribune.

Well there you have it.  The Machine, the Illinois combine has driven us straight into the gutter.  The cost of the billions and billions of debt is going up and up.  The taxpayers are stuck with the bill.

It’s old news but I’d like to review this for the record.  I have only three (3) Republicans that represent me.  Every single other elected official that represents me is a Democrat.

Alderman Bob Fioretti – D
Mayor Rahm Emanuel – D
Chicago City Clerk – D
Cook County Clerk of Courts – D
Cook County Treasurer – D
Cook County Assessor – D
Cook County Recorder of Deeds – D
Cook County States Attorney (DA) – D
Cook County Board Member – D
Cook County Board President – D
IL House Seat, Derrick Smith (Current under indictment) – D
IL Senate Seat, Patricia Van Pelt – D
IL Governor, Pat Quinn – D
IL Lt. Governor, Sheila Simon – D
IL Attorney General, Lisa (I won’t investigate my father) Madigan – D
IL Comptroller, Judy Baar Topinka – R
IL Treasurer, Dan Rutherford – R
IL Sec. of State, Jesse White – D
US House, Danny Davis – D
US Senate, Mark Kirk – R
US Senate, Dick Durbin – D
US President, Barack Obama – D

What is that?  3 of 22?  If you just take the State folks it’s 2 of 17.  2 of 17.  That’s 11.76% of my elected persons are not Democrats.

So let me ask you, if I was looking to blame someone for the mess that we’re in where would be a good place to start?

Fioretti: 35 Member Council & Term Limits

Alderman Robert Fioretti (2nd Ward) believes Chicago would do fine with just 35 aldermen instead of 50 — especially now that workers are handling garbage pickup and street cleaning on a system of ten “grids” instead of 50 wards.  …

Besides a smaller City Council, Fioretti is calling for term limits. “Just look at the 2nd Ward and all we’ve done so far” in fewer than two terms, he said. “If they [aldermen] have got to stick around and wait years to get anything done, they should not be aldermen in the first place.”Fioretti admitted he probably has “made some waves” downtown with such “maverick” views.

via Gazette Chicago.

Indeed!!

Fioretti: Not So Fast Rahm

Mayor Rahm Emanuel’s plan to have five financing giants bankroll $1.7 billion in Chicago infrastructure projects ran into opposition Monday from aldermen concerned about “hidden fees” and long-term leasing of city assets.

During closed-door briefings with aldermen, sources said Chief Financial Officer Lois Scott stuck to the script and talked only about the $225 million in energy retrofits to government buildings expected to generate $20 million in energy savings used to repay investors.

That wasn’t good enough for Ald. Bob Fioretti (2nd). He’s demanding to know what other projects Emanuel wants to finance with the Infrastructure Trust, how those projects will be chosen and what, if any, user fees may be imposed to make certain that investors get their money back with interest.

via Chicago Sun-Times.

Two things about this little power play:

  1. Ald. Fioretti is exactly right.  I’ve written in the past about how no one at City Hall can calculate a ROI or time value of money.  Sad that not one elected official seems to every taken a single semester of economics or finance.
  2. Rahm brought this on himself.  Ald. Fioretti would have been pretty happy just being alderman of the 2nd Ward for some time.  But Rahm wasn’t happy about Bob wanting to run for Mayor and therefore had to be punished.  So if you take a look at the new ward maps, Fioretti’s house is placed all by itself in a ward the bulk of which is miles away.  It’s a joke.

The Machine is at it again.   Trying to grind it’s way into your pocket with back-room deals between the city and undisclosed entities.

We get exactly what we vote for.  We voted for this, we deserve it.