That's how many tax increment
financing (TIF) dollars were spent in Chicago's 2nd Ward (which covers the Loop) between 2004
and 2008, composing one-quarter of the city's total TIF budget during
that period. The stat comes from Mick Dumke and Ben Joravksy's latest barnburner on the city's TIF system. For the first time ever, the Reader
duo examined how TIF money was spent in every active TIF district. "It's
clear," they write, "that the money is not reaching many of the
neighborhoods that need it the most."
Click here for the full piece, here for a complete ward-by-ward breakdown, and here for a few pictures snapped by Sam Adams documenting wards that received the most -- and least -- TIF dollars.