Quote:
Originally Posted by Vlajos
No, but CME is prepared to leave Chicago:
“We have sold all of our property in the state of Illinois, in the city of Chicago,” Duffy said. “We don’t own anything any longer.”
“In our leases, we have a language in there that says if there’s something that’s ill-conceived from the city or the state, that our leases are null and void,” Duffy said. “We’re in a very strong position. If we had to leave, we could leave.”
CME Group CEO Duffy says exchange is prepared to leave Chicago 'if we had to'
https://www.chicagobusiness.com/finance-...uld-leave-chicago-if-city-policy-changes |
This is nothing new that we don't already know whether it's CME or some other firms. It's not like they decided in the last month about this. You don't sell big commercial properties in that short of time. The financial transaction tax has been floated for a lot longer than Brandon Johnson has been a thing. It was first filed in 2018 and actually read out in early 2019 at the state level. The article is "if this tax were to pass then we're gone" which many firms have stated. I don't think it's going to happen - even Pritzker let Johnson know how dumb it would be. I think Johnson knows that he needs Pritzker on his side to pass half of the stuff there.
The article is basically a public way of putting the pressure on Johnson to make sure the transaction tax/support dies
again
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