I’m not from Chicago but if the law there for the last 30 years was against handgun ownership (as stated in the IBD article) why didn’t someone start a handgun leasing business... say a one time upfront payment equal to what you’d pay to purchase elsewhere with 99 year terms???
The law was aimed at handgun possession. Leased or purchased, if it is in your possession, you are in violation.
POSESSION inside the city limits was what was actually banned. A Chicagoan COULD own a handgun, if he left it in Texas, for example.