Tag: McCormick Place
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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…
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Taxpayers Pay for Political Payback
Kudos to Crains on this unbelievable story: Illinois House Speaker Michael Madigan cost taxpayers nearly half-a-billion dollars by blocking repeated efforts to restructure McCormick Place bonds and finance a much-needed second hotel at the convention center, a Crain’s investigation finds. Between 2005 and 2010, Mr. Madigan stopped five refinancing bills, ignoring declining interest rates that…