Pulling a Chicago carries a different connotation these days. It's much closer to Rust Belt failure than Rust Belt savior. It's more Detroit than Pittsburgh. Could Chicago pull a Pittsburgh? I doubt it.
Chicago went all in on its global self with massive expenditures on world class amenities. By every account I am aware of, the gambit worked. Globalization had its way with the urban core. The crown jewel of the Rust Belt, the city sucked up all the talent in between the coasts. Middle America could be cosmopolitan, too.
Chicago ... you have a Houston problem. Chicago is no longer the only global game not on the Atlantic or Pacific seaboard. The Texas Triangle beckons Iowa college grads. Regional hubs such as Minneapolis or Kansas City offer a step up from Des Moines. Heck, even Des Moines offers a step up from Des Moines just a decade ago. Cut Chicago out of the migratory loop, lose nothing in the experience.
To be sure, the talent still streams into Global Chicago. But this influx doesn't scale. Those still moving there are chasing yesterday, the 1990s. The region has hit peak globalization:
"Until a year and a half ago, Chicago's rates of home price appreciation were comparable with the rest of the US," Stiff said.
But since early 2015, "Chicago has slowed down significantly," he said, suggesting that the area's slow job growth has been a drag on the housing market's recovery.
In the global core, Chicago still looks good. But that global core no longer can carry the region, let alone the state. The architects of Global Chicago sold the city's soul for a magic Bean that benefited a few and left most others behind. Globalization didn't trickle down. It moved on.