TIF Subsidies Given to Companies, Nonprofits

Apparently journalism students at Columbia College have done the work that the Chicago financial press should have been doing…

United Airlines and Quaker Oats. The fitness club at Union Station and the parent company of radio station WVON. The Chicago Symphony Orchestra and Spertus Institute of Jewish Studies. Dozens of housing developments.

These companies and nonprofits were among dozens promised subsidies totaling nearly $1.2 billion in tax increment financing (TIF) over the last decade, according to a four-month investigation conducted by a team of Columbia College Chicago journalists for ChicagoTalks.

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