...but $36 million to move a company HQ downtown from the suburbs:
- The Daley administration is coughing up an additional $10 million to entice the parent of United Airlines to move its operations center downtown from the northwest suburbs, boosting the total subsidy to nearly $36 million.
A $10-million grant comes on top of a tax-increment financing (TIF) subsidy of roughly $25 million that city officials disclosed earlier this month when they announced UAL Corp.’s decision to move 2,500 jobs from Elk Grove Township to Willis Tower, 233 S. Wacker Drive.
“The overall package offered by the city was critical to our decision,” a United spokeswoman says.
The total subsidy amounts to nearly $14,400 per job, according to a report on the TIF deal by the city’s Department of Community Development.
$14,400 per 2,500 jobs for United Airlines.
$25,000 per 1,200 CPS students to predict when they'll be shot.
But for 10,000 cops who traditionally have gotten 3.5% annually (which works out to between $1,400 and $2,400 a year depending on step increments), Shortshanks pleads poor and broke. And that 3.5% doesn't even take into consideration the givebacks typically associated with our last few contracts. It makes us feel all warm and fuzzy inside. How about you?
$25,000 per 1,200 CPS students to predict when they'll be shot.
But for 10,000 cops who traditionally have gotten 3.5% annually (which works out to between $1,400 and $2,400 a year depending on step increments), Shortshanks pleads poor and broke. And that 3.5% doesn't even take into consideration the givebacks typically associated with our last few contracts. It makes us feel all warm and fuzzy inside. How about you?
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