Wednesday, August 5, 2009
Chicagoland / Politics / Clout City Pretty soon you're talking about real money
Posted by Whet Moser on 08.05.09 at 12:44 PM
At this point, whenever I hear that a company is relocating its operations to the city, my first question is: how much are we paying them? Looks like another $25 million this time.
At least it's a better deal than MillerCoors: 2,800 relocated jobs for $25m ($9k per job) vs 325 relocated jobs for $6m in city money plus $18m in state money ($74k per job).
Also in the news: looks like TIFs would be tapped for another $100 million for the Olympic Village.
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