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Chicago’s Magnificent Mile At Risk For Massive Store Closures, Alderman Says
CBS Chigago ^ | August 7, 2020 at 10:43 pm | Tara Molino

Posted on 08/10/2020 5:05:37 AM PDT by robowombat

CHICAGO (CBS) — Is Chicago’s Magnificent Mile at risk for massive store closures? Just two months ago it was the epicenter of unrest. Then this week there was a murder on Oak Street and Michigan Avenue. All of that is on top of a pandemic that has taken a toll on everyone.

A Chicago icon, the Magnificent Mile’s 13 blocks are known across the world. It’s a draw for tourists and a serious boost to the city’s bottom line. What would the city look like without all of this? Hopkins says we could find out.

There are existing vacancies, some stores still boarded up, others dealing with plummeting sales,

“We’re losing tax revenue, and we are losing sales tax on a daily basis,” he said. “If this trend continues, we won’t have a viable downtown. And it’s not going to be that long. We’re talking a few years. Privately they’re telling me they can’t sustain this. They can’t continue at the level they’re at right now, and if it keeps up, we are going to see a rash of business closures in the downtown area.”

Hopkins was in a meeting with Mayor Lori Lightfoot and business owners in the area who were expressing their concerns, when the shooting happened Tuesday afternoon. Rapper FBG Duck was shot and killed. Two others were seriously injured.

“Nordstrom and Bloomingdales and Ferragamo, and all large Marquee stores that are on the avenue here attract people from all over the world and all over the U.S. and Chicago,” said Mike Riordan of the River North Residents Association. “It’s one thing to lose control one weekend, but then it’s another thing for this stuff to keep on going. It opened the floodgates to a bunch of brazenness and lawlessness that we’ve never seen here before.”

(Excerpt) Read more at chicago.cbslocal.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; US: Illinois
KEYWORDS: bidenrally; chicago; demagogicparty; illinois
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To: Travis McGee

Damn........ those graphics tell a story so dramatically it can not be misunderstood

Thanks for that


41 posted on 08/10/2020 5:44:10 AM PDT by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: Old Yeller

I’ve figured out why the propaganda for “Black Lives Matter” must be pushed so hard by Democrats and our controlled, corrupt media - because in fact, black society and morality are actually regressing under control of the Left’s narrative, and the world sees it. Its a form of over-compensation.

The more something becomes obvious, the louder they must shout otherwise.


42 posted on 08/10/2020 5:48:22 AM PDT by PGR88
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To: robowombat
All of that is on top of a pandemic that has taken a toll on everyone.

It isn’t the pandemic that has taken a toll on everyone, it is the moronic and/or corrupt response by our “leaders”, with help from a whole boatload of fearbros and Karens, that has.

43 posted on 08/10/2020 5:48:24 AM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: robowombat

THANK LORI CLUBFOOT AND HER PUKES


44 posted on 08/10/2020 5:55:21 AM PDT by ronnie raygun
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To: Palio di Siena

FBG Duck?. .I guess he didn’t


45 posted on 08/10/2020 5:56:13 AM PDT by McBuff (To be, rather than to seem)
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To: ronnie raygun

BTW, is it legally possible to impeach a mayor in Illinois?


46 posted on 08/10/2020 5:56:51 AM PDT by robowombat (Orthodox)
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To: robowombat

Depends on what the city charter (and state laws) says that set up the city government.


47 posted on 08/10/2020 5:59:27 AM PDT by Reily
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To: robowombat
Hopkins was in a meeting with Mayor Lori Lightfoot and business owners in the area who were expressing their concerns...

Meeting with Groot was a waste of time.

48 posted on 08/10/2020 6:00:17 AM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.)
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To: bert; FreedomPoster

Check all the numbers at 38.

Portland-Boise is the record that I found:

Portland OR to Boise ID: $1,242

Boise ID to Portland OR: $91 “large truck special” 13.6 X cheaper!

Nobody is moving from Idaho to Oregon, but they sure are going the other way!


49 posted on 08/10/2020 6:06:28 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Pollard

It’s the Detroit Death Spiral in speeded-up time.


50 posted on 08/10/2020 6:07:01 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Old Yeller

>> That’s the night Chicago died.<<

Nananaaa nananaaa nanaaa nana nanNAAAAA na na naa naa naaaaaaa


51 posted on 08/10/2020 6:08:36 AM PDT by freedumb2003 ("Do not mistake activity for achievement." - John Wooden)
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To: Travis McGee

13.6X says to me that not only are they not moving in that direction, you can’t even hire someone in Idaho to willing to drive a truck back to Portland!


52 posted on 08/10/2020 6:12:35 AM PDT by FreedomPoster (Islam delenda est)
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To: robowombat

They are getting what they voted for and they deserve what they will continue to vote for.


53 posted on 08/10/2020 6:12:55 AM PDT by Starboard
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To: Bonemaker

WLS Stream
https://www.wlsam.com/mancow/


54 posted on 08/10/2020 6:13:35 AM PDT by radialenginefan
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To: robowombat

Guaranteed that each of those stores voiced their support for blm. They probably even gave cash. Remember these businesses are very familiar with this shakedown having been the Rainbow Coalition’s feeding ground for decades.


55 posted on 08/10/2020 6:15:39 AM PDT by hardspunned (MAGA, now more than ever)
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To: robowombat

The rioting in Chicago have opened the Dyke.


56 posted on 08/10/2020 6:16:22 AM PDT by Beagle8U (Slo-Joe Biden... puts the DEM in Dementia.)
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To: mosaicwolf

Solution: Cut the police budget.

*************

And refuse all offers of assistance from Trump.


57 posted on 08/10/2020 6:17:34 AM PDT by Starboard
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To: Travis McGee

I looked at the UHaul report, too. Denver to FLA, $2,500. FLA to Denver, $700.


58 posted on 08/10/2020 6:28:32 AM PDT by CodeToad (Arm Up! They Have!)
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To: robowombat
It’s a draw for tourists

You mean, it WAS a draw for tourists.

59 posted on 08/10/2020 6:30:22 AM PDT by Jim Noble (Think like youÂ’re right, listen like youÂ’re wrong)
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To: robowombat

Lots of them are closed this morning due to a riot that lasted damned near 8 hours.

Bunch of Twitter feeds here:

https://cwbchicago.com/2020/08/watch-twitter-videos-document-overnight-looting-and-riots-in-chicago.html

L


60 posted on 08/10/2020 6:31:21 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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