MPC President MarySue Barrett
MPC is fortunate to have a dedicated, talented and diverse core of volunteers whose expertise and advice inform our work every day. Whether they serve as members of our Board of Governors, participate on one of our Committees, and/or are an Executive Advisor, these individuals play a major role in achieving our mission.
Congratulations are in order for the many MPC volunteers selected by Crain's Chicago Business as the 2015 Who's Who in Chicago Business. Since 1989, Crain's has published this annual list, which in 2015 identified the 542 most influential players in 23 industries, from architecture to utilities.
MPC Board members Carol Ross Barney, Lester Crown, Quintin Primo and Jorge Ramirez
Kudos to the following volunteers who made the…
We know Illinois has a pension and budget crisis. Google pension debt and you’ll find endless results about Illinois; daily media headlines scream how two months into the new fiscal year, the state has yet to pass a budget. What’s not talked about in the budget and pension morass is another deficit the state faces—the infrastructure deficit. But it’s one that must be addressed to get our economy going.
Illinois road, rail and transit systems are among the state’s strongest assets: a way to attract business and provide a high quality of life to residents. For the last 20 years, however, we’ve been investing less and less in transportation—less than 8 percent of our budget in 2014, compared to 13 percent in 1991—and the results are…
Flickr user clarkmaxwell (cc).
New development in River North would add to the neighborhood's vitality and encourage use of the transit system.
Earlier this month, the City of Chicago announced that it would sell four city-owned parking lots in River North, one of the city’s fastest-growing and most popular neighborhoods. The lots are located within a few blocks of the Chicago Transit Authority “Chicago” station on the Brown and Purple Lines, just north of Merchandise Mart.
Projects on the parking lots could add $358,000 in annual new property tax revenues.
The sale will be good for this year’s city budget, bringing in $12.4 million from three separate buyers—far more than the $7 million appraisal. They will also bring in new tax revenues in the years to come once they are developed, demonstrating how transitioning underused land to productive, transit-oriented use can benefit people and…
Do more overlapping units of government lead to bigger tax bills?
In seminal research on local government, University of Chicago Professor Christopher Berry found that a new unit of government was created approximately every 18 hours in the U.S. during the second half of the 20th century. Nowhere was this rapid proliferation more apparent than in Illinois. Since 1952, the number of local governments has more than tripled, primarily due to the rise of special purpose governments. Ironically, these new governments were created in response to legislation intended to keep the scale of government in check. In the Constitution of 1870, Illinois legislators limited the debt capacity of local governments. But with rising population and the pressing need for modern infrastructure, many officials evaded the borrowing restrictions on their municipality by creating…
Houston is growing, but at what cost?
This week headlines screamed that within the next decade Houston will take Chicago’s spot as third most populous city in the U.S.
Houston is projected to have a population of 2.54 million to 2.7 million by 2025, while Chicago will be at 2.5 million, according to official data from the health departments of both states, analyzed by Reuters.
It’s true Houston has long been one of the fastest growing cities. The city itself grew by 1.6 percent last year, while Chicago grew a sad 0.003 percent (yes, that’s three decimal points to the right).
And the Houston Metropolitan Area has been one of the fastest growing in the country. Over the next 15 years the entire Houston region is projected to grow by 34 percent, while the Chicago region is projected to grow at only 7…