In an audio excerpt, Cook County Assessor Fritz Kaegi revealed the impact of tax-increment financing on the sinking property assessments of Loop office buildings.
Tax-Increment Financing (TIF)
South Side TIF District, formed away from public view, OK'd by council
The Chicago City Council approved the Cicero/Stevenson TIF District and $80 million in public subsidy—and members of the public were not consulted in the district's creation.
New South Side TIF district clears 1st governmental hurdle
The proposed Cicero/Stevenson TIF district cleared its first governmental hurdle on March 3, with approval by a joint review board.
New South Side TIF district intends CHA housing and charter school
The city of Chicago has proposed at new tax-increment financing district south of the Stevenson expressway, west of South Cicero Ave.
City: extend Near North TIF district 12 years, spend nearly $1 billion
The city of Chicago proposes to dramatically increase the life and expenditures of the Near North tax-increment financing district.
City moves to stretch lifespans of 13 TIF districts
The administration of Mayor Lori Lightfoot revealed that it's working to delay the expiration of 13 tax-increment financing districts citywide.
Lightfoot administration defends Lincoln Yards TIF . . . why?
In an interview by Ben Joravsky with Dave Glowacz on the Chicago Reader's Ben Joravsky Show, Dave and Ben discussed the Lightfoot administration's defense of tax-increment financing in general, and the Cortland/Chicago River TIF district in particular.
"Diversion thesis" muddies anti-TIF arguments, writer says
A writer at the Citizen Advocacy Center unpacks a "diversion thesis" that's common canon among TIF critics.
Lincoln Yards and Cortland/Chicago River TIF still in flux
Elements of the proposed Lincoln Yards complex, which shifted repeatedly prior to its City Council approval this year, continue to change.
Cortland/Chicago River and Lincoln Yards TIF: final rules, duels, and reveals
In an interview by Ben Joravsky with Dave Glowacz on the Chicago Reader's Ben Joravsky Show, Dave and Ben discuss the Cortland/Chicago River TIF district drama in the City Council's finance committee.
Decoding proposed tax subsidy to Sterling Bay ahead of Cortland TIF approval
Chicago's City Council will vote on locking in payments from property taxes to the developer of the proposed Lincoln Yards complex, plus an undetermined amount of fees to bankers, by way of the Cortland/Chicago River TIF district.
Finance committee set for April 8 vote on Cortland/Chicago River TIF district supporting Lincoln Yards
The city of Chicago says that the City Council's finance committee will consider the Cortland and Chicago River TIF district at its April 8 meeting.
Ordinance sets contract for 11 Lincoln Yards infrastructure projects and TIF payouts
A newly-revealed ordinance contains a 600-page redevelopment agreement with developer Sterling Bay, identifying the public infrastructure it'll build to support Lincoln Yards.
Community Development Commission 2/19/19 approval of Cortland/Chicago River TIF: complete audio
Complete audio: The Community Development Commission's unanimous approval of the Cortland/Chicago River TIF district to finance the Lincoln Yards complex.
Back-to-back blessings loom for Lincoln Yards TIF district
The city's Community Development Commission and Chicago Plan Commission will soon consider approval of the Cortland and Chicago River tax-increment financing district, surrounding Lincoln Yards.
Local government reps green-light Cortland TIF despite public doubt
A board of local officials gave the first governmental green light to the billion-dollar Cortland/Chicago River tax-increment financing district.
Government reps to meet for Cortland TIF district approval on Jan. 11
A Jan. 11 joint review board meeting will let taxing bodies say whether they'll permit the Cortland/Chicago River TIF district to divert property taxes for the privately-developed Lincoln Yards.
A reporter's view of the Cortland TIF and Lincoln Yards
In an interview by Ben Joravsky with Dave Glowacz on WCPT-AM's Ben Joravsky Show, Ben explores Dave's recent reporting on the Cortland/Chicago River TIF district and the proposed Lincoln Yards real estate development, and more.
City expects Cortland TIF valuation of $2.5 billion
The city of Chicago expects that the equalized assessed valuation of properties in the proposed Cortland/Chicago River tax-increment financing district will total $2.5 billion.
City: Lincoln Yards TIF expected to pay out $1.3 billion
The city expects to pay out at least $1.3 billion in collected property taxes from the Cortland/Chicago River TIF district, according to a newly released report.