WASHINGTON — In order to land the 2024 Democratic National Convention, the Democratic National Committee demanded from bidders that a line of credit be established — and that’s why the city of Chicago created a $30 million credit agreement with the Amalgamated Bank in New York.
A spokesperson for Mayor Brandon Johnson told the Chicago Sun-Times that the new mayor, sworn into office on May 15, is on board with the line of credit contract former Mayor Lightfoot signed on May 12, in the final days of her term.
