Boxed Out of Chicago:Target says forget it

The Chicago Sun-Times reports:

Chicago's controversial big- box ordinance has produced its first casualty: Target has pulled out of a 32-acre shopping mall at 119th and Marshfield and will likely cut and run from the North Side's Wilson Yards project as well, city officials said Wednesday.

Target's decision to follow through on its threat to avoid Chicago comes just one week after a bitterly divided City Council defied Daley by requiring retailing giants to pay their employees a "living wage" of at least $10 an hour and $3 in benefits by 2010.

Who says high costs don't deter economic activity? When unions control a city, you can be sure the high artificial costs destroy economic activity.