On the TIF ordinance – O2013-5698 – The YAY votes on a motion to Discharge the ordinance from the Committee on Committees, Rules and Ethics were as follows: Alds. Moreno, Fioretti, Dowell, Hairston, Sawyer, Foulkes, Brookins, Waguespack, Sposato, Smith, Arena. The motion was defeated by a vote of 36 NAY to 11 YAY votes. On the resolution re: Elected School Board... Read more
Archive for the ‘TIF Abuse’ Category
From the Chicago Reader, “Those who got, get more. And those who don’t got, get the shaft. All in the name of eradicating blight. Beale was absent for Wednesday’s showdown—so he didn’t cast a vote one way or another. But Alderman Foulkes was the only representative of a relatively poor west- or south-side ward who voted against the mayor. It’s pretty sad that... Read more
Watch this and then come to the public forum at DePaul on October 3 at 6:30pm!
At least ONE of the major reasons. Because the state’s contribution to public education is so shockingly low, school districts in Illinois rely heavily on local property taxes to fund their schools. So, anything that diverts property taxes from public schools places a burden on an already under-funded public education system. Likewise, if you live in a town or city... Read more
Here’s a report from a DePaul graduate: Last night I received a call from DePaul, as an alumnus, asking for help in raising $300M for the school’s comprehensive fundraising campaign – $100M of which would go towards the ‘Many Dreams, One Mission’ supporting new college scholarships. I’m all for supporting the idea of assisting with college costs – especially for those... Read more
Believe it or not. Vienna Beef, the Chicago-based maker of fine meat products, will be getting a gift of $5 million from the tax payers. Read about it here.
This post was contributed by a person who has attended several of our TIF town meetings. I work for a Chicago company that was the recipient of a $5 million dollar TIF grant. We got a building makeover, including a new roof, an upgrade to the electrical service, remodeled bathrooms, and advanced window coatings. Everything was done according to LEED guidelines,... Read more
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 require $103 million in public finance and TIF-related dollars. Read DePaul’s description of the project. When you read the hype, you hear phrases like “world-class destination” and “tourism... Read more
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 quickly gaveled out of session. Opponents of a planned gift of $29 million in public funds for a luxury high-rise across the street from Lincoln Park got... Read more
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 to PAY for this new public service, using our streets, the full power and authority of the CTA and the federal government? Check out this answer from their... Read more