Friday, August 04, 2006
Target Stores Tell Chicago: "See 'Ya Later."
Chicago Alderman Carrie Austin lamented Target's loss, saying the store was to anchor a 32-acre shopping mall in her district that has already secured $23 million in city funding.(see ++)
"I'm depressed. Calumet Park has land right across the street they can develop," Austin said. "Our development will just sit there for another century."
I could ridicule the 'Woe Is Me Mentality' of Alderman Austin..."our development will just sit there for another century....", but I will refrain from doing so. But here's a thought: Try making your policies more business friendly, or is that too much of a Conservative Concept for your mind to grasp? Here's to another Century! Cheers!
And MORE HERE:
The ordinance would require retailers operating stores over 90,000 square feet within Chicago to pay workers at least $9.25 per hour, plus $1.50 in benefits, starting next year. These figures would rise to $10 and $3, respectively, by 2010. The current state-mandated minimum wage in Illinois is $6.50 an hour.
"I'd be surprised if retailers didn't react to the ordinance in this way," Larry Lund, principal with the Real Estate Planning Group, a Chicago based retail consultancy, told CPN.
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