TIF Abuse

  • Rich Take From Poor – We Subsidize Luxury Hotels

    by - Apr 1, 2011
    As reported in Bloomberg Markets Magazine: The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Inside the Beaux Arts structure,...
  • School Superintendent Says TIFs Robbed School of $440K

    by - Mar 23, 2011
    As reported on WLS-TV Chicago, the Dimmick Elementary School in LaSalle goes without because local TIF districts hijacked some $405,000 in property taxes from it since 1994. One of the most popular rooms...
  • David Orr Rallies With TIF Protesters

    by - Mar 20, 2011
    As reported in The Chicago Sun-Times, some 150 teachers, parents and activists went to Grossinger City Autoplex and demanded a check for $4 million. They were upset that the private auto dealership received...
  • by - Mar 18, 2011
    As reported in The Pitch, from Kansas City, MO. A Wal-Mart in Kansas City, Missouri, closed on January 18, 2007. A day later, a Wal-Mart opened in another section of the city. Fair...
  • “TIFs Need Scrutiny” – No Kidding!

    by - Mar 13, 2011
    Jordan Sims writes on Chicago politics for the examiner.com, which bills itself as “the insider source for local.” Jordan turned his sights on Tax Increment Financing and he found them wanting, Politically, a...
  • Illinois Policy Institute Says “Time to Throw a TIF!”

    by - Mar 2, 2011
    From The Illinois Policy Institute: Tax increment financing (TIF) has been around for over thirty years, many people do not understand how it works, how it affects their communities or their pocketbooks. Many...
  • TIF Subsidies Given to Companies, Nonprofits

    by - Feb 28, 2011
    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...
  • Grossinger Auto Gets $8.5 Million

    by - Feb 27, 2011
    From Crain’s Chicago Business: Panel OKs TIF money for auto mall near North-Clybourn By Eddie Baeb – Jan. 09, 2008 – Crain’s Chicago Business (Crain’s) — A proposed Grossinger auto mall near the...