Tuesday, November 3, 2009

Is this just in Chicago?

This is an excerpt of an article about Chicago. Do you agree? What other cities have similar costs? Please post in Comments below:

It's no better in Chicago. Daley now is fighting to keep a huge national plastics industry convention from fleeing Chicago, its 40-year home. The show brought in $95.3 million last June, but it appears the exhibitors are fed up with the extravagant costs they must pay to riggers, tradesmen and other organized workers at McCormick Place. As the trade publication Plastics News reported, Daley met Wednesday in his office with convention officials to plead with them to stay.

The problem? As trade show exhibitor Tim Hanrahan explained in the publication, it cost $345 to get four cases of Pepsi to his booth. "The invoice breaks down to $254 for the four cases of Pepsi, a 21 percent service charge, and a 10.25 percent Illinois state sales tax, a 3 percent Chicago soft drink tax, a tax on the service charge and a food and beverage tax. Government taxes totaled $38.06, which is more than the legitimate retail price of the soft drinks," he said. "I could go on. A $640 TV stand rental is another good example," he said. "But you get the point."

Hanrahan gets the point, but do we? For the sake of a special interest -- organized labor in this case -- the body politic seems willing to drive away business that brings dollars into town.
Full Article.

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