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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.
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.
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.
The proposed Cicero/Stevenson TIF district cleared its first governmental hurdle on March 3, with approval by a joint review board.
The city of Chicago has proposed at new tax-increment financing district south of the Stevenson expressway, west of South Cicero Ave.
The city of Chicago proposes to dramatically increase the life and expenditures of the Near North tax-increment financing district.
The administration of Mayor Lori Lightfoot revealed that it's working to delay the expiration of 13 tax-increment financing districts citywide.
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.
A writer at the Citizen Advocacy Center unpacks a "diversion thesis" that's common canon among TIF critics.
Elements of the proposed Lincoln Yards complex, which shifted repeatedly prior to its City Council approval this year, continue to change.
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.
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.
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.
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.
Complete audio: The Community Development Commission's unanimous approval of the Cortland/Chicago River TIF district to finance the Lincoln Yards complex.
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.
A board of local officials gave the first governmental green light to the billion-dollar Cortland/Chicago River tax-increment financing district.
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.
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.
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.
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.