Lawsuit Says $1.3 Billion Lincoln Yards Tax Subsidy Benefits Mostly-White AreasTaxpayer funding for the Lincoln Yards project has already been approved by the Chicago City Council with a nod from Mayor-elect Lori Lightfoot.
Dozens Of Aldermen Backing Resolution To Use Surplus TIF Funds To Help CPSDozens of aldermen say they want the city to use more than a billion dollars in so-called TIF development funds to help bail out the Chicago Public Schools, reports WBBM Political Editor Craig Dellimore.
Activist Protest TIF Funds For Planned Uptown High-Rise DevelopmentAbout fifty activists marched from the site of a planned high-rise development in the Uptown neighborhood that would get $16 million in tax Increment financing dollars to the mayor's house to demand he put a stop to the deal, reports WBBM’s Mike Krauser.
TIF, School Board Ordinances Spark Heated City Council DebateAn attempted end run around Mayor Emanuel's opposition to two proposals led to some sparks on the City Council floor today.
Baffoe: Where Is The Way To Wisdom In DePaul’s New Basketball Arena?For the sake of a staggering basketball program and lining some already stuffed pockets, the end game is many people—kids mostly—not being shown the way to wisdom.
Report: Falling Property Values Mean Falling Tax Revenues In ChicagoFalling property values mean falling tax revenues in Chicago.
Evanston May Create Tax Fund To Upgrade Aging Shopping CenterThe City of Evanston is considering devoting up $20 million toward upgrading an aging shopping center in the western part of the north suburban city.
Protesters Slam Tax Increment Financing ProgramAs Mayor Rahm Emanuel unveils his first budget, corporate protesters are taking their message to City Hall.
Emanuel Seeks TIF Funds For Library, School Parking LotMayor Rahm Emanuel is proposing using Tax Increment Financing funds to build a new library in the Albany Park neighborhood and a parking lot for a school in Bronzeville.
Emanuel Panel Urges New Era Of 'TIF' TransparencyTax-increment financing, or TIF, is a controversial economic development tool that has been abused in Chicago. Mayor Rahm Emanuel on Monday vowed again to add oversight to the program.
Mayor Emanuel Gets Earful On TIF ProgramMayor Rahm Emanuel's TIF Task Force got an earful from the public Thursday night.
Daley Praises West Rogers Park, Extols Tax Increment FinancingResidents of the West Rogers Park neighborhood honored Mayor Richard M. Daley today, as the mayor called the area “a ward that truly represents the entire city as a city of immigrants.”
Emanuel Would Use TIF Funds To Hire CopsRahm Emanuel said that, if elected Chicago's next mayor, he will use tax increment financing to hire police officers and deploy them to fight crime in targeted areas.
Compromise Could Apply TIF To Affordable HousingSponsor argues money would go a long way toward rehabbing and inhabiting foreclosed properties.