An alternative ordinance to control the way Chicago would set up an infrastructure trust was proposed today by several aldermen, including Scott Waguespack and John Arena. The proposal would provide more protections for Chicago taxpayers.
Illinois PIRG field director Celeste Meiffren said: "The new version of the Infrastructure Trust ordinance introduced today by a group of aldermen is a sign that some aldermen have learned from the mistakes of the parking meter deal. With more time and more public discourse, it is possible to develop a better public policy that, while still ambitious and innovative, adequately protects the public." Read her blog post last week on this topic here.
The Infrastructure Trust, backed by Mayor Rahm Emanuel, would pave the way for five financing giants to bankroll $1.7 billion in "transformative" projects.
Rahm Emanuel (Rich Hein~Sun-Times)
Follow BackTalk on Twitter@stbacktalk