TIF Abuse

The Mayor has announced plans for hundreds of millions of dollars on tourism-related construction, including 10,000 seat basketball arena for DePaul University near McCormick Place. According to the Chicago Sun-Times, the project will...

It was Mayor Daley (I and II) all over again. In the old days, when an alderman dared to question the mayor their mike was often shut off. In other ploys meetings were...

So we are seeing a lot about the Bus Rapid Transit project being pushed aggressively by the city and an impressive list of policy, planning and transit organizations. But wait, who is going...

The folks in Uptown are hopping mad at the thought of $29 million of their property tax dollars going to JDL Development to build a luxury high-rise across the street from Lincoln Park...

Apparently Alderman Cappleman (46th Ward) has TIF money to burn. The $32 million that is being thrown at the JDL luxury development is now up to $33 million. $26 million to the developers...

Does this area look blighted to you? Across the street from Lincoln Park? Really? This image is an early rendering of a luxury residence with shops and parking proposed for the former site...

Over 220 people packed the Chopin Theatre on Tuesday night, February 12 to hear about Tax Increment Financing (TIFs) and to organize themselves to do something about them. The TIF Town Meeting was...

As reported in Crain’s Chicago Business, “A new study examining where tax increment financing (TIF) proceeds go for construction in the Chicago Public Schools finds selective enrollment, charter and magnet schools are favored...

From the St. Louis Post-Dispatch comes a story of a economic development deal gone very bad. A city showers a private company with tens of millions of dollars from the taxpayers in hopes...

According to The Center Square Journal, it’s full speed ahead for a development project on Lawrence Avenue that will house a Mariano’s Fresh Market to receive $4.5 million in our property taxes. The...