WEBVTT

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>> THANKS, AMANDA.

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>>> NEW DEVELOPMENTS IN THE

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PLANNING FOR WILL OBAMA

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PRESIDENTIAL CENTER.

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IS THE STATE OF ILLINOIS READY

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TO PONY UP $100 MILLION TO

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ASSIST THE PROJECT IN JACKSON

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PARK ON THE SOUTH SIDE?

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"CHICAGO TONIGHT" LEARNED A

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PRELIMINARY PLAN TO DO JUST

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THAT.

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BUT HOW WOULD A PROPOSAL LIKE

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THAT FLY IN A STATE THAT IS

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BLEEDING RED INK ESPECIALLY WHEN

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THE OBAMA'S PROMISE 100% PRIVATE

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FUNDING?

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PARIS SCHUTZ JOINING US WITH THE

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DETAILS.

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>> PHIL, SOURCES TELL US THERE

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HAVE BEEN PRELIMINARY BIPARTISAN

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TALKS ABOUT THIS GIVING $100

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MILLION IN STATE AID FOR THE

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OBAMA PRESIDENTIAL CENTER.

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IT'S SIMILAR TO A PROPOSAL THAT

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HOUSE SPEAKER MICHAEL MADIGAN

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DANGLED A YEAR-AND-A-HALF AGO

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WHEN THE STATE AND THE CITY WERE

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STILL TRYING TO LAND THE MUSEUM

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FOR CHICAGO.

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OBVIOUSLY CHICAGO GOT THE MUSEUM

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AND THAT PROPOSAL FOR THAT MONEY

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DID NOT GO ANYWHERE.

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MADIGAN SAID IT WAS A GOOD USE

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OF THE MONEY TO HONOR THE SON OF

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ILLINOIS BUT THE OBAMA LIBRARY

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PLEDGED FROM THE BEGINNING NOT

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TO USE ANY PUBLIC FUNDING FOR

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THE PROJECT.

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>> ARE THEY BEING INCONSISTENT

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WITH THE PLEDGE?

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OR IS THERE SOMETHING ELSE THE

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MONEY WOULD GO TOWARD?

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>> NOT NECESSARILY BEING

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INCONSISTENT.

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THE MAYOR SAID THERE'S GOING TO

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BE NEED TO BE LOTS OF

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INFRASTRUCTURE AND TRANSIT

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UPGRADES AROUND THERE TO MAKE

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THIS PROJECT HAPPEN AND THAT

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INCLUDES THE CLOSING OF THE

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STREET, CORNELL DRIVE, THE

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HIGHWAY THAT THE CAMPUS WOULD BE

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BUILT OVER.

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AND AS A RESULT THERE WOULD HAVE

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TO BE REALIGNMENT OF OTHER

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STREETS TO TAKE THE EXCESS

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TRAFFIC.

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ALL THAT WILL COST A LOT OF

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MONEY.

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THERE HAVE BASKETBALL RUMBLINGS

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ABOUT EXTENDING THE L ALL THE

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WAY TO JACKSON PARK AS WELL AS

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OTHER TRANSIT OR INFRASTRUCTURE

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UPGRADES THAT NEEDS TO HAPPEN TO

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MAKE THIS MUSEUM POSSIBLE.

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NOW, WHEN ASKED ABOUT THE TALKS

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AMONG LAWMAKERS A SPOKESPERSON

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FOR THE OBAMA LIBRARY MAINTAINED

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THAT QUOTE CONSTRUCTION AND

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MAINTENANCE WILL BE FUNDED BY

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PRIVATE DONATIONS AND NO

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TAXPAYER MONEY WILL GO TO THE

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FOUNDATION.

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BUT THAT STATEMENT DOES NOT RULE

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OUT ANY OF THE INFRASTRUCTURE

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AND OTHER UPGRADES THAT WILL

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HAVE TO HAPPEN AROUND THE

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MUSEUM.

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SOURCES TELL US THAT MAYOR RAHM

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EMANUEL'S TEAM HAS BEEN WORKING

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THIS TODAY.

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BUT HE WAS MORE COY WHEN WE

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SPOKE TO HIM.

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SAID IN SO MANY WORDS YES, WE

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WOULD LIKE THE STATE MONEY.

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>> LOOK, WHEN IT HAPPENS, WE ARE

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GOING TO WORK TOGETHER.

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BUT I'M NOT GOING TO ANSWER ON

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ANY ONE HYPOTHETICAL BUT I HAVE

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UP FRONT FROM THE DAY WE WERE ON

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THE SOUTH SIDE THERE WILL BE

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NEEDED INVESTMENTS JUST LIKE WE

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DO IN THE LINCOLN LIBRARY.

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AND I THINK THIS IS A TREMENDOUS

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GAIN FOR THE CITY OF CHICAGO AND

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UNBELIEVABLE BOOST OF ECONOMIC

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ENERGY AND CULTURAL ENERGY TO

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THE SOUTH SIDE OF CHICAGO AND I

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HAVE BEEN A SUPPORTER OF IT.

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>> THE STATE HAS A $16 BILLION

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BACKLOG IN UNPAID BILLS.

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GENERALLY IN TERRIBLE FISCAL

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SHAPE.

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WHERE WOULD THE MONEY COME FROM?

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>> NOT UNDER A COUCH CUSHION.

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THE TALKS ARE IT WOULD BE PART

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OF A NEW CAPITAL BILL THAT WOULD

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HAVE TO BE PASSED BUT THOSE

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TALKS HAVE NOT GONE VERY FAR.

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THERE ARE OTHER TALKS ABOUT

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HAVING EXISTING CAPITAL MONEY

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SOMEWHERE THAT THEY COULD USE TO

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FUND THIS.

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IT CERTAINLY WOULD BE A TOUGH

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SELL FOR SUBURBAN AND DOWN STATE

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LAWMAKERS.

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TODAY REPUBLICAN STATE

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REPRESENTATIVE DAVID McSWEENEY

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ISSUED THIS STATEMENT QUOTE...

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>> SO IF THERE IS CAPITAL MONEY

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OUT THERE, IT'S VERY HARD TO

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IMAGINE THAT THERE IS $100

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MILLION SOMEWHERE IN SOME FUND

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SITTING AROUND TO BE UTILIZED.

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THE CIVIC FEDERATIONS LAURENCE

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MSALL SAYS THE GENERAL IDEA OF A

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NEW CAPITAL BILL IS GOING TO

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HAVE TO BE DEBATED.

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AND IT'S GOING TO BE PRECARIOUS

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GIVEN THE STATE'S FISCAL

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POSITION.

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HE TOLD THE CITY CLUB THAT THE

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STATE IS GOING TO HAVE TO COME

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UP WITH FINANCING FOR THIS NEW

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CAPITAL BILL.

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>> FOR THOSE WHO WANT TO SELL A

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BIG CAPITAL PLAN THEY NEED TO

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IDENTIFY HOW THE STATE IS GOING

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TO PAY FOR IT, AND THAT IS GOING

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TO REQUIRE SOMETHING A LITTLE

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BIT BETTER THAN THE VIDEO POKER

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AND THE CANDY TAX THAT THE LAST

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CAPITAL PLAN THAT WENT THROUGH

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ILLINOIS HAS.

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BECAUSE WHAT WE FOUND WHEN WE

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USED THOSE AS OUR SOURCE FOR

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CAPITAL INVESTMENT THEY DID NOT

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COME FORWARD AND THE STATE HAD

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TO TAKE OPERATING CASH AND PUT

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IT IN TO PAY THE DEBT SERVICE.

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>> SOURCES TELL US THAT A

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PROPOSAL LIKE THIS COULD BE

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READY FOR THE FALL VETO SESSION

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IN A COUPLE OF MONTHS.