Richard Daley

September 8, 2010 by Post Team 

Richard Daley, Some of the key Chicago business leaders, stunned by the decision s Mayor Richard M. Daley did not seek re-election, are bracing for a political free for all precious fear could stall business expansion projects like the O’Hare International Airport.

“I think it will be very destabilizing for the city in a moment I think we have more stability,” said Jim Farrell, president of the Commercial Club of Chicago. “So I think we have some particularly difficult times ahead.”

“It’s a big change, a huge loss,” said George Ranney, president and CEO of Metropolis 2020, a nonprofit organization that promotes regional cooperation between city and suburban governments. “I think these next few months will be very important to the business community to obtain their views on the agenda.”

Although business leaders and Mr. Daley was not always in sync – to consider closing overnight 2003 Meigs Field – in general, executives have grown comfortable with the advantages of having a veteran office holder the mayor.

Now, they worry about a repeat of the kind of political upheaval that followed the death of Richard J. Daley in 1976, the surprise election of Jane Byrne in 1979 and the death of Harold Washington in 1987.

“I am absolutely floors. I expected to run again,” said Harrison Steans, a banker and civic leader, the decision of Mr. Daley.

Mr. Farrell, a former CEO of Illinois Tool Works Inc., said he was worried by the outcome of Mr. Daley incomplete efforts to improve the quality of education in Chicago public schools.

The same applies to the mayor’s attempts to deal with a balloon, and 655-million budget deficit the city – measures that include layoffs, furloughs, and reductions in others – said: “He has some definite opinions on I believe that in general were on the right track. ”

Following the announcement of Mr. Daley, business leaders are not sure what you get when a new mayor is inaugurated next spring.

Mr. Ranney sounded an optimistic note, saying that Mr. Daley soon-to-be record tenure created a momentum in major initiatives, such as Metropolis 2020 call for greater regional cooperation, which will be difficult to dispel.

“I do not think it’s a situation as it was in the 80s, when the city has to do is unclear or in the air,” he said.

However, Jerry Roper, president and CEO of the Chamber of Commerce of Chicago, lamented the lack of a clear successor to Mr. Daley. “It’s kind of like a business without a succession plan,” he said. “Everything that entrepreneurs do not teach there.”

Ron Gidwitz, a businessman who ran for governor in 2006, credits the ability of Mr. Daley “for a diverse city together” and said: “Following the election will be a struggle for power, a challenge to the authority of new mayor, he or she is. ”

Mr. Gidwitz declined to rule out a single term. “I doubt it,” said a presidential campaign. “Right now, I’m helping (Republican candidate for governor) Bill Brady. But who knows?”

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