Tom Tresser

  • 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,...
  • Tax Increment Financing – A Bad Deal for Taxpayers

    by - Mar 30, 2011
    Tax Increment Finance (TIF) is in the news. It should be. As esoteric as the subject might be, you should care about this program if you own property in Cook County. When a...
  • 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...
  • Good Bye and Good Luck (from Roger)

    by - Mar 22, 2011
    I ran against Roger Keats for Cook County Board President last year. He was the Republican candidate and I was the Green Party candidate. I got this email from him today. He says...
  • 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...
  • $10 Million City TIF to Jesse White Gym?

    by - Mar 16, 2011
    The city is going to cough up $10 million in TIF funds from the Near North TIF to help pay for a 30,00 square-foot gym named after Secretary of State jesse White, reports...
  • TIFs & Chicago Politics – Reform Coming?

    by - Mar 13, 2011
    As reported in The Chicago Sun-Times, TIFs are on the new mayor’s agenda. He wants to reform the program and he’s pushing his weight around to see that his agenda is THE agenda....
  • “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...
  • Invest In, Collaborate With the TIF Report

    by - Mar 10, 2011
    The TIF Report is seeking investors and collaborators. We think there is a need and a market for an ongoing, grassroots, incisive and hard-hitting reporting on how Tax Increment Finance districts work. We...