It’s just not working.” Change in Approach I cannot see where she’s holding people accountable. “She says she’s going to hold people accountable. But he said that he, like other business leaders, is troubled by the rise in crime and threats to personal safety in the city. “None of this would be possible without a strong relationship between Mayor Lightfoot and the city’s business leadership, and she looks forward to their continued work and partnership together in the years ahead.”ĭuchossois said he had supported Lightfoot the first time she ran and considers her a person of integrity trying to do a difficult job. “Mayor Lightfoot has been a consistent and committed partner to the business community over the last three and a half years,” campaign spokeswoman Christina Freundlich said in a statement. Much as with a person’s credit, the better bond ratings will allow the city to cut borrowing costs and save Chicago billions when the city taps debt markets. for the first time in more than a decade, while Moody’s Investors Service elevated Chicago out of junk status. Just this quarter, the city’s debt was upgraded by Fitch Ratings Inc. Lightfoot’s campaign said the mayor has had a close relationship with the city’s business community, citing her success in working with the corporate leaders during the Covid-19 pandemic, attracting or keeping more than 200 companies in Chicago, and earning several credit upgrades. It’s unclear how many of the executives will agree to support her re-election bid, financially or otherwise, the people familiar with the matter said. In some cases, top executives hadn’t heard from Lightfoot for several years until recent months – leading some to consider her contact too little, too late. She’s set to face as many as 10 challengers in her re-election bid, including US Representative Jesus “Chuy” Garcia - seen as the biggest threat to her second term. and billionaire Ken Griffin’s Citadel hedge fund. The business outreach by Lightfoot, 60, comes as she faces criticism for rising crime and corporate departures including Boeing Co. I know you’re well intended, but you’re not effective.’” “From my perspective, she really doesn’t appreciate that the city’s in a crisis,” he said, recounting that he told the mayor, “My answer is, ‘I’m not going to support you.
Duchossois, executive chair of Duchossois Group Inc., a privately held investment firm headquartered in Chicago, said he received a call from the Democratic mayor about two and a half months ago where he tried to stress the gravity of the city’s problems but felt that Lightfoot pushed back.
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