This story is from last month, but I just ran across it yesterday. Remember when Tom Ricketts asked the State of Illinois for a bunch of money to help him improve Wrigley Field, which he recently acquired? That idea went over like a lead balloon. Doling out millions in taxes to a millionaire while the state is in such dire fiscal condition? Guffaws all around.
Not so fast, says the New York Times. They wonder whether Ricketts got a fair shake, given the other projects in Illinois that did win millions in taxpayer dollars. There are no doubt hundreds, if not thousands, of projects in Illinois the Times could have used to make their point. Guess what they cited?
In June, Mr. Quinn unveiled tax credits to renovate the Hotel Père Marquette in Peoria and add an adjacent Courtyard Marriott. The state figures to forgo $10 million in income-tax receipts due to this pilot project, said State Senator John J. Cullerton, the Senate president.
The Peoria gambit will supposedly generate 1,000 construction jobs, the number Mr. Ricketts cites for his Wrigley plan. In Peoria, Mr. Quinn spoke of jobs and the taxes to be paid by workers.
Note especially the word “supposedly” — the New York Times doesn’t sound convinced that this project is really going to provide the number of jobs promised. The question is, why did Gary Matthews get such a sweet deal down here in Peoria, while Ricketts got shown the door in Chicago? There are many possibilities, but I’m sure this isn’t one of them.