Pin It

Monday, April 2, 2012

Red alert: Rahm's Infrastructure Trust and the Chicago Cultural Center

Posted By on 04.02.12 at 05:17 PM

test.Par.54854.Image.-1.-1.1.gif.jpg
Scariest thing I've heard on NPR for a long time came across the airwaves during the Marketplace Morning Report today: Mayor Rahm Emanuel, talking about the Chicago Cultural Center and his new private-profits-from-public-projects scheme, the Chicago Infrastructure Trust, in the same breath.

"When we're done," the public will "still own the Cultural Center," the mayor was saying, after private money is used to make improvements that will ostensibly save $30,000 a year in energy costs.

He didn't explain why, if financing is needed, this would be better than bonds, and he didn't explain what claims the private investors would have on this unique public treasure.

Stay tuned.

Tags: , , , , ,

Find out how you can help

Related Locations

Comments (7)

Showing 1-7 of 7

Add a comment

 
Subscribe to this thread:
Showing 1-7 of 7

Add a comment

More by Deanna Isaacs

Agenda Teaser

Summer Guide
Saved by the Max 1941 W. North
June 01
Galleries & Museums
June 05

Tabbed Event Search

The Bleader Archive

Popular Stories

Fidgeting Can Fight The Risks Of Sitting