Quick Hit Adam Doster Thursday May 20th, 2010, 1:13pm

Number Of The Day: $358 million

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.

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