Monthly Archives: October 2019

Marathon Makes Money

The Chicago Marathon is a great money maker.   Last year, revenue was outstanding with a contribution of $378 million to Chicago’s economy.  In 2017 the figure was also high but $40 million less.

This year there were 45,857 participants in what was the 41st Bank of America Chicago Marathon.  Nearly 30 percent were visiting from overseas which is also great for tourism and the economy.  Further, it adds to Chicago’s prestige as a tourist destination.  Indeed, according to Mayor Lori E. Lightfoot:

 “The Bank of America Chicago Marathon is not only one of the largest and most prestigious marathons in world, but it is also an economic engine for our city – including a record-setting $378 million last year – that takes runners through 29 dynamic neighborhoods that together showcase our city’s diversity, history, and beauty. As mayor and as a fan, I look forward to joining Chicagoans and cheering on runners from all 50 states and more than 100 countries for the 42nd annual Bank of America Chicago Marathon.”

Jobs are also created from the marathon. For example, in 2018, 2,592 jobs were created, equaling $127 million in salaries.

City Car Stickers

Some Chicagoans have accumulated fees and tickets due to not updating their city car stickers.  Thanks to a recent announcement from the Mayor, this pressure will be relieved as they will be given the opportunity to purchase a new sticker without incurring any additional fee/back charges for this month only

This could be due to the endeavors of Anna Valencia, City Clerk who worked hard to eliminate the citizen city sticker debt for Chicagoans.  She argued that:

“The city sticker debt is crazy. Only one out of three city sticker tickets are being paid a year. If we keep this debt on the back of our communities, they can’t get jobs. They can’t get child care. They can’t drive to work.”

Mayor Lori Lightfoot added:

“Then, beginning Nov. 15, everyone who is in compliance with their city sticker by Oct. 31 will be eligible to have some or all of their city sticker tickets forgiven.It’s a new day in Chicago, and we’re going to make sure that every single person gets a fair shot at economic opportunity.”

Fines for not having a city sticker have jumped tremendously. For example in 2012 the increase was $80 (from $120-$200). This resulted in the huge escalation of ticket debt, fees, late penalties to approximately $275 million in the last 9 years.