Chicago is facing $733 million budget shortfall in 2022, Boeing abandons crime-ridden, Dem-controlled Chicago, moves to Virginia; CEO thanks Youngkin

[basquebromance]

Chicago's budget deficit is $733 million this year. Reminder as we go into city budget season that Lightfoot and city officials will slash and burn working class Chicago in every way possible just to avoid the obvious and easy solution: tax the rich

Boeing abandons crime-ridden, Dem-controlled Chicago and moves HQ to Virginia; CEO 'especially' thanks Gov. Youngkin | Blaze Media

Boeing is moving its corporate headquarters from crime-ridden Chicago to northern Virginia, the airplane manufacturing giant announced last week.What are the details?Boeing announced last Thursday that Arlington, Virginia, a city on the outskirts of the nation's capital, will be the location of...

www.theblaze.com

 

[TeeDub]

Chicago's budget deficit is $733 million this year. Reminder as we go into city budget season that Lightfoot and city officials will slash and burn working class Chicago in every way possible just to avoid the obvious and easy solution: tax the rich

Boeing abandons crime-ridden, Dem-controlled Chicago and moves HQ to Virginia; CEO 'especially' thanks Gov. Youngkin | Blaze Media

Boeing is moving its corporate headquarters from crime-ridden Chicago to northern Virginia, the airplane manufacturing giant announced last week.What are the details?Boeing announced last Thursday that Arlington, Virginia, a city on the outskirts of the nation's capital, will be the location of...

www.theblaze.com

Beetlejuce will be upset over this one leaving her er his city.

 

[Elton]

Chicago's budget deficit is $733 million this year. Reminder as we go into city budget season that Lightfoot and city officials will slash and burn working class Chicago in every way possible just to avoid the obvious and easy solution: tax the rich

Boeing abandons crime-ridden, Dem-controlled Chicago and moves HQ to Virginia; CEO 'especially' thanks Gov. Youngkin | Blaze Media

Boeing is moving its corporate headquarters from crime-ridden Chicago to northern Virginia, the airplane manufacturing giant announced last week.What are the details?Boeing announced last Thursday that Arlington, Virginia, a city on the outskirts of the nation's capital, will be the location of...

www.theblaze.com

They already are. That's why they left. Chicago is a crime infested hell hole. They need to get crime under control so that businesses will move back. The tax base needs to be huge to support a poorly run city. The crazy person running it is driving everyone away.

 

[Bootney Lee Farnsworth]

What does IM2 have to say about this?

 

[Chillicothe]

The headline is a tad misleading:

"Boeing abandons crime-ridden, Dem-controlled Chicago" ..... ​

​

As if those two issues were the drivers in propelling the move.
Boeing ain't leaving Chicago because it is "crime ridden" (it ain't, most certainly not in the neighborhoods those Boeing execs live in.) Their leaving will hurt Chicago. No doubt about it. But Boeing goes where it works best for Boeing. The move underscores the importance of the federal government to the aerospace giant’s business.

Recall that they left their long time home....Seattle, to move to Chicago to be more centrally located in their biggest market, the U.S., and to be cheek-by-jowl to their largest customer Chicago based United. Boeing got a $60 million tax break spread over 20yrs.
(I used to work just up the street on Wacker from Boeing's HQ.)

Well, that 20yrs is now up. And Boeing is still struggling from the fallout of the 737 Max debacle that cost them billions, including paying $2.5 billion to the DOJ in a '737' settlement. They fired their CEO. They just posted a 1st quarter loss of $1.5 billion.

And the covid pandemic has emptied office buildings throughout the nation as HQ staffs have thinned down, and multitudes of office workers now are able to work-from-home as companies have found out they can be just as productive and save a ton of money.

Plus, I have read that the new head of Boeing has a long standing personal relationship with Virginia's governor that made the transition an appealing.....and smooth one.

Such is business. Happens all the time.
The WhiteyRighties want to tag the black mayor, the crime challenged south side with it's high minority populations as the reason. They are having a fantagasm in trying to drape every bad news on black populations and governance. IMHO