“Connecting the dots between high taxes, unsustainable pension costs and slow economic growth is a practice many elected officials in Chicago and Illinois would rather we shut up about”

No, we won’t shut up about the Illinois Exodus. Latest downside: Chicago’s top real estate investors are shopping elsewhere
Editorial Board
January 2, 2020

Several recent Chicago Tribune stories on tax hikes and population losses may have caught your eye. Against the backdrop of rising taxes in Chicago for 2020, U.S. Census Bureau numbers released Dec. 30 showed Illinois losing population for a sixth straight year. Then a column published online Thursday described concern from Chicago’s most loyal real estate developers, who are increasingly looking at out-of-state opportunities. “We love Chicago but are super nervous about the headwinds Chicago faces,” David Carlins, CEO of Magellan Development Group, told the Tribune’s Ryan Ori. READ MORE

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