Magic, The Dodgers And The Chicago Connection

By now, you know that Earvin “Magic” Johnson is one of the new owners of the Los Angeles Dodgers. But there’s also a Chicago connection in the deal.

Magic Johnson in his MSU playing days

Johnson, the Lansing, Mich., native, Michigan State and NBA star, led a group of investors who paid $2 billion for the Dodgers, a record for a baseball franchise.

Speaking with ESPN2’s Baseball Tonight on Wednesday, Johnson said he’ll be actively involved in running the club, and has loved baseball since growing up as a fan of the Detroit Tigers.

He admitted the price was high, but said marquee clubs do not come on the market often, so he thought the team was work it.

One of the people who’ll be making sure the deal pays off is Mark R. Walter, the chief executive of Guggenheim Partners, which has its headquarters in Chicago and New York. According to ABC News, he’ll be considered the team’s controlling owner, meaning he’ll represent the team in Major League Baseball activities. Continue reading “Magic, The Dodgers And The Chicago Connection”

Midwest Memo: “Something Wrong” In Wisconsin, Casino Plans In Michigan And A Region Digs Out

“There’s something wrong” Wisconsin leads the nation in private sector job losses since last July, according to the Milwaukee Journal Sentinel. And it’s the only state that’s lost jobs for the last six months in a row.

Rolling the dice The Detroit Free Press revealed over the weekend that a whopping 22 new casinos are being proposed in the state of Michigan. The paper finds plenty of skepticism whether that many casinos could succeed.

Nuclear option Partner station Michigan Radio reports on the effort to save a planned nuclear research facility at Michigan State University.

Cleveland art Cleveland’s new Museum of Contemporary Art will open in October.

Importing workers CNN reports that some manufacturers who can’t find skilled workers in the U.S. have started importing them.

Police cuts Two Chicago police precincts closed yesterday. The Chicago Tribune says it’s part of a move that should save the city $10-12 million. Chicago is working to close a $636 million budget gap.

Recovery People in Ohio, Illinois and Indiana are starting the recovery process after this weekend’s deadly storms.

Midwest Memo: Right To Work Has Support In Ohio, Frontier Cuts In Milwaukee And An Industrial Giant Presses On

Right to Support A poll by Quinnipiac University finds strong support for creating a Right to Work law in Ohio.

Frontier cuts Frontier Airlines is cutting 450 jobs in the Milwaukee area. The Milwaukee Journal Sentinel reports just two years ago, the carrier promised to double its workforce in the city.

Demolition details Ohio is setting aside $75 million from its foreclosure settlement money to demolish abandoned homes. Meanwhile, the Detroit Free Press says the City of Detroit has $20 million in funds to demolish homes, but the money isn’t being used.

Research hub snubbed A planned nuclear research facility at Michigan State University may have to find a new source of funding. Partner station Michigan Radio reports the project is only getting half the funding officials expected from President Obama’s proposed budget.

A giant returns After a $100 million repair job, Alcoa’s 50,000 ton forging press in Cleveland is ready to get back to work, according to the Cleveland Plain Dealer.

Don’t look out the window, Mr. President President Obama will be in Milwaukee Wednesday for a speech at the Master Lock factory. But the Milwaukee Journal Sentinel says what the president will see just outside the busy factory is an “industrial graveyard.”