WEBVTT

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KNOW.

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PARIS, BACK TO YOU.

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>> THANK YOU.

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THERE IS A REAL ANXIETY THAT

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CHICAGO'S MAIN SHOPPING

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DISTRICTS INCLUDING THE

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MAGNIFICENT MILE AND THE GOLD

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COAST ARE ON THE PRECIPICE OF

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FALLING APART AFTER A SECOND

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ROUND OF MASSIVE LOOTING AND

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WITHOUT THE REVENUE FROM THOSE

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AREAS, THE CITY FACES A

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DISASTROUS FISCAL FUTURE.

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MAYOR LORI LIGHTFOOT SPOKE TO

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THE SERIOUSNESS OF THE

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SITUATION.

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>> THESE SAME STORES HIT LAST

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NIGHT WERE HIT PREVIOUSLY.

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NOT JUST BY THE LOOTING BUT BY

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CLOSURES RELATED TO COVID-19.

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STORES THAT WERE TARGETED WERE

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MORE THAN LARGE CHAIN STORES.

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THERE ARE SMALL BUSINESSES AND

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RESTAURANTS.

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>> AND JOINING US WITH MORE ON

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WHAT THE FUTURE HOLDS IS BEARS

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BEARS THE KIMBERLY BARES THE

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C.E.O. OF THE MAG MILE

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ASSOCIATION, TANYA DAWOOD, AND

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CHINA McNEAL OWNER OF HAIR

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IMPORTS SALON HIT HARD BY THE

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LOOTING.

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WELCOME ALL TO "CHICAGO

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TONIGHT".

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>> CHINA I WILL START WITH YOU

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YOU ARE ONE OF THE SMALL

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BUSINESSES.

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HOW BAD WAS YOUR STORE HIT?

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>> WELL, OUR STORE WAS HIT

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PRETTY BAD.

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WE HAVE NO INVENTORY.

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OUR ENTIRE STORE WAS WIPED OUT.

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ALL THE WAY DOWN TO THE SOAP IN

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OUR BATHROOM AND THE TOWELS IN

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OUR CUPBOARDS.

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SO EVERYTHING WAS COMPLETELY ALL

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OF OUR INVENTORY WAS COMPLETELY

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WIPED OUT.

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>> AND IT WILL BE A MASSIVE

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REBUILDING EFFORT THERE.

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TANYA DAWOOD GIVE US A SENSE HOW

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SEVERE THE DAMAGE IS FOR

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RETAILORS AS A WHOLE IN THAT

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AREA?

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>> WELL, AS YOU KNOW, RETAILORS

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HAVE BEEN SUFFERING THROUGH

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COVID-19 LIKE EVERYONE ELSE.

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AND THE NUMBERS OF FOLKS COMING

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IN THE DOORS ARE DOWN.

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THE ON-LINE TRAFFIC HAS NOT MADE

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UP FOR THE LOSS IN THE FOOT

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TRAFFIC.

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LAYERED ON TOP OF THAT WE HAVE

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THE FIRST ROUND OF LOOTING AFTER

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THE DEATH OF GEORGE FLOYD AND

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NOW YOU HAVE THIS ROUND.

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AND I WOULD BE REMISS IF I DID

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NOT SAY WE HAVE BEEN DEALING

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WITH ORGANIZED RETAIL THEFT FOR

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A LONGTIME PRECOVID.

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ALL OF THESE HITS KEEP COMING.

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AND IT IS A MAJOR CONCERN FOR

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THE RETAILORS THAT ARE ON THE

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MAG MILE PAYING THOSE HIGH RENTS

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THAT THEY PAY TO BE THERE.

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>> AND KIMBERLY BARES WE KNOW

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THE MAG MILE IS NOT JUST

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RETAILER IT'S HOTELS AND LUXURY

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RESIDENCES.

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WHAT IS THE FALLOUT AS A WHOLE

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ON THE MAG MILE?

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>> THE FALLOUT IS MASSIVE.

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WE DON'T HAVE HOTEL OCCUPANCY

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WHERE IT HAD BEEN.

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WE ARE OUR ATTRACTIONS ARE

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SUFFERING.

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EVEN ON THE BOATS AT THE

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RIVERWALK WHERE PEOPLE COULD BE

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OUTSIDE SOCIALLY DISTANCED WE'RE

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NOT COMING CLOSE TO THE 25

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CAPACITY FOR THE TOURS.

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THE CONTINUING PROPERTY DAMAGE,

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THE VIOLENCE IN THE DISTRICT IS

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ONLY GOING TO MAKE THINGS WORSE.

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>> AND ALDERMAN BRIAN HOPKINS

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SPOKE TO THE CONCERNS EARLIER

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THIS WEEK TO OUR AMANDA VINICKY.

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LET'S HEAR WHAT HE HAD TO SAY.

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>> IT SOUNDS LIKE A DRAMATIC

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STATEMENT TO SAY THE FUTURE OF

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CHICAGO IS AT STAKE BUT IT IS.

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IF THE PEOPLE WHO LIVE THERE NOW

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PACK UP AND LEAVE WHAT REPLACES

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THEM?

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IF THE BUSINESSES CLOSE THEIR

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DOORS WHAT REPLACE IT IS?

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AND WHAT REPLACES THAT THE TAX

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REVENUE THAT WE NEED.

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WE HAVE ALL THE SOCIAL PROBLEMS

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IN CHICAGO WE HAVE TO FIX THEM

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THEY HAVE A PRICE TAG AND IF WE

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LET THE REVENUE SOURCE DRY UP WE

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WON'T HAVE THE MONEY TO ADDRESS

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THE PROBLEMS.

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>> CHINA McNEAL WILL YOU BE

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ABLE TO REBUILD AND REOPEN?

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>> AT THIS TIME I'M NOT SURE.

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I HAVE SEVERAL THOUGHTS BEHIND

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IT BECAUSE FROM WHAT I HAVE BEEN

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TOLD IS THAT EVEN THOUGH SOME

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PEOPLE CALL IT WILL YOU BOUNCE

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BACK, SO THE THING IS THAT ONCE

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WE ARE REBUILDING AND WE PUT ALL

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OF THE INVENTORY BACK IN AND PUT

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UP OUR WINDOWS AND WE HAVE DONE

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ALL THE THINGS WE NEED TO DO TO

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MOVE FORWARD IN OUR BUSINESSES,

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WE ARE HEARING THAT THIS IS

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GOING TO HAPPEN AGAIN.

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THESE PEOPLE ARE NOT STOPPING.

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THESE ARE GOING TO BE RECURRING

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THINGS THAT ARE PLANNED BY THE

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LOOTERS IS THAT THEY ARE GROWING

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IN NUMBERS.

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THEY ARE OUTNUMBERING THE POLICE

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FORCE AND THEY ARE OUTNUMBERING

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PEOPLE AND THEY KNOW THEY CAN

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OVERPOWER AND TAKE THE CITY.

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EVEN THOUGH I KNOW THAT I CAN

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REBUILD MY BUSINESS BECAUSE THAT

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IS WHAT I DO I AM A BUSINESS

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OWNER.

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HOWEVER, I CAN'T COMPETE WITH

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LOOTERS.

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I CANNOT COMPETE WITH SOMEONE

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THAT KNOW THIS IS THEIR

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INTENTION.

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>> TANYA DAWOOD IS THIS A

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CONCERN YOU ARE HEARING FROM

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RETAILORS OVER THE AREA?

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AND IS IT TOO MUCH TO SAY THAT

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CHICAGO'S FUTURE IS AT STAKE

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RIGHT NOW?

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>> I THINK ALDERMAN HOPKINS HIT

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THE NAIL ON THE HEAD.

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THROUGH COVID AND THIS LOOTING

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RETAIL VERY IN PARTICULAR HAS

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HELPED SAVE THE CITY OF

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CHICAGO'S BUDGET.

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CONTINUING TO HAVE A VIBRANT

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RETAIL INDUSTRY SHOULD BE A

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SIGNIFICANT PRIORITY FOR MAYOR

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LIGHTFOOT AND I THINK IT IS A

05:32.766 --> 05:38.266 align:start position:10% line:74% size:72.5%
REAL CONCERN FOR RETAILORS IF

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THEY WANT TO CONTINUE NOT ONLY

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TO STAY IN THE MAG MILE AREA BUT

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IN OTHER PARTS OF THE CITY.

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WE KNOW HAPPENED, HAPPENS ON THE

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NORTH SIDE AND THE SOUTH SIDE.

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>> I HEARD FROM RETAILORS WHO

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STARTED BOARDING UP.

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THAT LEVEL OF UNCERTAINTY ON TOP

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OF THE LEVEL OF UNCERTAINTY THAT

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EXISTS BECAUSE OF COVID-19,

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COULD BE VERY DESTRUCTIVE

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ESPECIALLY FOR SMALL BUSINESSES.

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>> KIMBERLY BARES MAYOR

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LIGHTFOOT HAS SPOKEN TO THE

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URGENCY OF THIS AND THE C.P.D.

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ANNOUNCED A LOOTING TASK FORCE

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WHAT DOES THE CITY HAVE TO DO TO

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GIVE RETAILORS AND RESIDENTS AND

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THE BUSINESSES THAT THEY CAN

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REOPEN AND THIS WILL NOT HAPPEN

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OVER AND OVER AGAIN?

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>> IT IS A THREE-PARTY APPROACH.

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THE MAYOR, IT'S SUPERINTENDENT

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BROWN AND IT'S THE COOK COUNTY

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STATE'S ATTORNEY'S OFFICE THEY

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HAVE TO COME TOGETHER ALONG WITH

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THE JUDICIAL SYSTEM AND IDENTIFY

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HOW THEY ARE GOING TO KEEP

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PEOPLE FEELING SAFE.

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WHAT CHINA TALKED ABOUT WAS THE

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FEAR THAT OUR RETAILORS AND

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BUSINESSES HAVE THAT THEY COULD

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GO AHEAD AND REORDER THE GLASS

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AND REINVENTORY BUT IF THIS

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CONTINUES TO HAPPEN THERE WILL

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BE A POINT AT WHICH THEY GIVE

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UP.

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>> AND TANYA DAWOOD YOU ELUDED

06:55.800 --> 07:02.900 align:start position:10% line:74% size:80%
TO THIS WHAT WOULD THAT MEAN FOR

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THE CITY'S BUDGET AND THE CITY'S

07:00.266 --> 07:07.200 align:start position:10% line:74% size:60%
ECONOMIC HEALTH OVERALL?

07:02.900 --> 07:09.366 align:start position:10% line:74% size:75%
>> YEAH, LISTEN, THE SALES TAX

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THAT COMES THROUGH THE RETAIL

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SYSTEM ARE A KEY PART OF THE

07:09.366 --> 07:16.733 align:start position:10% line:74% size:72.5%
CITY'S BUDGET AND HAS ALLOWED

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THE CITY TO HOLD ON THROUGH THIS

07:15.100 --> 07:22.200 align:start position:10% line:74% size:60%
TOUGH TIME FOR EVERYONE.

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IF YOU HAVE RETAILORS WHO SAY

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I'M NOT HERE TO LOSE MONEY.

07:22.200 --> 07:27.933 align:start position:10% line:74% size:77.5%
I'M HERE TO MAKE A PROFIT, SELL

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MY GOODS AND BE A PART OF THE

07:26.966 --> 07:33.400 align:start position:10% line:74% size:47.5%
FABRIC OF THE CITY.

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BUT IF THAT IS NO LONGER A

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VIABLE PROPOSITION I WILL TAKE

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MY BUSINESSES ELSEWHERE.