The Chicago/Midwest Chapter of the Turnaround Management Association will host “Municipal Distress What Alternatives are Available to Cities in Financially Challenging Times” on September 19, 2014.

The program will include a general overview of municipal bankruptcies and financial restructurings throughout the country, and the alternative approaches to municipal turnarounds. The panel of local academic, civic and financial service industry experts will discuss the financial problems that plague Chicago and other Illinois cities, and the specific strategies and legislative initiatives that are being implemented and considered to address those issues. Also covered will be the future of turnaround management for municipalities in Illinois and other parts of the country.

“There are options to addressing the pension and other financial problems that are affecting Chicago and other cities across the country,” says Dan Wikel, president ChicagoMidwest TMA. “We will discuss what is being done in our city and others, as well as review what we have learned from the situation in Detroit, as well as what opportunities these present.”

Panel participants are James Spiotto, managing director, Chapman Strategic Advisors; Laurence Msall, president, The Civic Federation; and Michael Pagano, dean of the College of Urban Planning and Public Affairs at UIC.

The program will take place from 11 a.m.–1:00 p.m. at the Standard Club, 320 S. Plymouth Court in Chicago.

Program cost for members is $25; nonmembers may attend for $50; NextGen and students for $15. Register online at or call the chapter office at (815) 469-2935. Lunch is included.