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Originally Posted by Skyguy_7
^^^^ Dude just likes the attention. These investments are not "needless." They're essential to a thriving city. They support local construction jobs. They add value to the surrounding neighborhood. They bring in visitors. They eventually pay for themselves. They enhance the city. Move to Gary if you want to live in a dilapidated shit hole. On top of that, there are at least seven new $30+ million CPS additions breaking ground this summer. Roads are being improved (see Damen and Fullerton, Circle Intertchange etc). New Washington and Wells CTA station, new 95th Street CTA station, Adam's Street bridge is being completely redone. C'mon Tom.
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I think the problem with all of the bitching and moaning from people in parts of town seeing less investment is that they cannot tell the difference between private investment and public investment. Many of these people are so unsavvy and clueless about how investment and capital markets work, what it means to take risk, etc, and what a BANK is, that to them it's all the same evil entity. All they know is how to whine and complain to their local leaders and ministers.
Public investment on the south side of Chicago has been quite good, in fact a few months ago
Greg Hinz had an article debunking the myth that TIF funds have disproportionately been going into the hands of the wealthy elite.
What's lacking is PRIVATE investment. You know, the voluntary, risk aversive type that demands some kind of positive return? All of that money is piling into areas low on crime, high on income, and for good reason.
I advise anybody out there who doesn't agree with me to go out and spend your own $5000 to buy a property in Englewood, fix it up, and rent it out to somebody. That's what these neighborhoods need--private money and risk takers, not whiners.