• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Daily News Chicago

The Chicagoland's Top Daily News Source

DAILY NEWS CHICAGO
The Chicagoland's Top Daily News Source

  • Home
  • LOCAL NEWS
  • BUSINESS
  • POLITICS
  • REAL ESTATE
  • MEET THE TEAM

COMMENTARY: Big cities like Chicago have a property damage problem | Opinion

July 12, 2021 by Marita Overfelt

Unsurprisingly, small business owners in Chicago today say they are still reeling financially.

Chicago is not alone in dealing with this problem. Nearly every major American city can point to high-profile instances of businesses being targeted. In total, over 300,000 instances of property crime occur in New York, Houston, and Chicago alone.

New York City, for instance, reports nearly 20,000 robberies every year—nearly 50 robberies every day. That’s a staggering number, and it’s a problem that’s woefully underreported. With no political pressure on politicians, costly property damage keeps occurring.

The frequency of property crime is directly linked to policy decisions. For example, San Francisco recently changed their policing guidelines and stopped enforcing shoplifting of anything valued under $900. In just a few months, there was a noticeable uptick in shoplifting. This policy culminated in a viral episode of brazen stealing that caught headlines last week.

While this should not surprise policymakers, it should concern them. In response to San Francisco’s shoplifting problem, 17 Walgreens stores have closed and the company isn’t planning on staying in the city. New York and Chicago are experiencing a similar wave of businesses leaving their inner cities.

While high taxes and an unfavorable business climate is one causal factor for this exodus, the impact of criminality should not be downplayed. Even companies in culturally liberal centers like Portland, Oregon are complaining about unenforced property laws.

>>>#ad: Don't Miss Today's BEST Amazon Deals!
Originally Appeared Here

Filed Under: BUSINESS

Primary Sidebar

More to See

Real Estate Could Have A Role To Play In Alleviating Medical Staffing Squeeze

Battered by the lingering pandemic, a rise in inflation, supply chain slowdowns and recessionary fears becoming reality, the healthcare industry has faced crisis after crisis over the past several … [Read More...] about Real Estate Could Have A Role To Play In Alleviating Medical Staffing Squeeze

Winnetka lakefront mansion sold for $12.75 million will be torn down

“It’s not really livable unless you did a lot of renovation throughout,” Birov said. Built in about 1902, the pillared Classical Revival house was owned by the family of executive outplacement guru … [Read More...] about Winnetka lakefront mansion sold for $12.75 million will be torn down

Ald. Sophia King Announces Run For Mayor In 2023

Get more in-depth, daily coverage of Chicago politics at The Daily Line.CITY HALL — Ald. Sophia King (4th) announced Wednesday she is running for mayor in 2023, becoming the third sitting alderman to … [Read More...] about Ald. Sophia King Announces Run For Mayor In 2023

Privacy Policy | Terms and Conditions | About/ Contact
As an Amazon Associate I earn from qualifying purchases.
Copyright © 2022 · Daily News Chicago . Log in