Lincoln Yards and The 78 Get The Green Light From City CouncilLincoln Yards will soak up a as much as 900 million dollars in TIF subsidies, creating 6,000 housing units over its 70 acres. And The 78, a south of the Loop district along the Chicago River, could could consume up to 700 million in TIF funds, while creating 13 million square feet of residential and commercial space.
With Lightfoot's Backing, City Council OKs TIF Money For Lincoln Yards And The 78; Developers Vow More Contracts For Women, MinoritiesAfter asking for a delay in the approval process earlier this week, Mayor-elect Lori Lightfoot has given her blessing to two massive development projects, having secured agreements from the developers to increase the amount of construction work that will go to women- and minority-owned firms.
At Lightfoot's Request, Emanuel Seeks To Delay Vote On Tax Subsidies For Lincoln Yards, The 78Bowing to the wishes of Mayor-elect Lori Lightfoot, Mayor Rahm Emanuel on Monday said he wants to call off a planned City Council Finance Committee vote on $1.6 billion in tax increment financing for two massive development projects, Lincoln Yards and The 78.
Lightfoot Asks Finance Committee For More Transparency Before TIF Vote On Lincoln Yards, The 78Mayor-Elect Lori Lightfoot is calling for more transparency into two massive redevelopment projects, ahead of key votes on taxpayer financing for Lincoln Yards and The 78.