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
Archive for the ‘TIF News’ Category
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
Despite a Bull’s playoff game 50 people came Room 43 on Monday, May 13 for the 4th Ward Illumination. Read the coverage at Progress Illinois. See the presentation and listen to the audio at SlideShare.
It’s time to shed some light on the 11 TIFs inside the 4th Ward. Join us on Monday, May 13 at 6pm at Room 43 to learn: - How much property tax is extracted from each TIF inside the ward - How much money FROM the ward was left in the TIFs at the end of 2011 - What projects inside the... Read more
Is your alderman on the list of sponsors of the Privatization Transparency Ordinance”? If so, call them and tell them to get it out of Alderman Mell’s committee and have voted on by the full City Council. The sponsor is 6th Ward Alderman, Roderick Sawyer. He said, upon introducing this bill in November of 2012, “I do not believe that there... 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
Long time Rogers Park activist Don Gordon summarizes the TIF program from the point of view of transparency online at Chicago Now. When it comes to the lack of government transparency in Chicago, there’s no better poster child than the Tax Increment Financing program or TIF. The program was first recommended by the late Mayor Harold Washington back in the early... Read more
CivicLab co-founder Tom Tresser will be presenting at eChicago at UIC on Friday, April 26 on the TIF Illumination Project, as part of a panel on technology and community engagement.
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
According to the Chicago Sun-Times, Alderman Dick Mell is blocking a vote on a bill that would make privatization deals in the city more transparent and S L O W them down. “Introduced last November by Alderman Roderick Sawyer (6th), the Privatization Transparency and Accountability Ordinance has been bottled up in Ald. Dick Mell’s (33rd) Rules Committee, even though a... Read more