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Michael Sacks hails the tax hike

July 11th, 2017

Don’t read into Michael Sacks buying a new home in Florida just as Illinois lawmakers approved a big tax increase.

He’s not moving.

Sure taxes are lower in Florida, but the CEO of GCM Grosvenor investment firm tells me the expansive home he bought at the exclusive Surf Club near Miami is just an investment.

“I am 100 percent committed to Chicago. It is home and always will be,” he said. “I fully support restoring the tax rate and was a member of the Civic Committee task force that called for it.”

Get more details in my Taking Names column in the Chicago Sun-Times.

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