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PI Original
by Ellyn Fortino
5:31pm
Wed Oct 8, 2014

Chicago Aldermen Approve IG Measure, Washington Park TIF; Elected School Board Referendum Gets Squeezed

Progress Illinois provides highlights from Wednesday's Chicago City Council meeting.

Quick Hit
by Ellyn Fortino
12:47pm
Thu Jun 6, 2013

TIF Program Angers Bridgeport, McKinley Park Residents

Residents of Chicago's 11th Ward were outraged upon learning that $57.4 million in property tax money was sitting in their tax increment financing (TIF) districts' collective bank accounts at the end of 2011, according to data unveiled by the CivicLab.

One resident suggested at least one way that money could have been put to use at the CivicLab's TIF Illumination Project meeting Wednesday night.

Maureen Sullivan with Bridgeport Alliance said she has been pushing the city to renovate the Ramova Theater at 35th and Halsted streets for years, to no avail.

The city currently owns the property, which has been closed since 1986, Sullivan said.

“It could be a thousand-seat performance space and the largest economic generator on Halsted Street, and it's sitting there empty," Sullivan said in remarks after the meeting, held at the McKinley Park library. "And I'm so angry, because when I talk to the city, they dangle (TIF) in front of you, like 'we may be able to get you some TIF funds for this.'”

Quick Hit
by Ellyn Fortino
2:58pm
Tue Apr 2, 2013

Town Hall Meeting Illuminates TIF Use In Chicago's 7th Ward

Dozens of South Shore residents weren’t too happy upon learning that a portion of their property taxes have been used as part of the city’s tax increment financing, or TIF, program.

Tom Tresser, co-founder of the CivicLab, came to the 7th Ward, and is heading to others, as part of the volunteer-based TIF Illumination Project, which is intended to promote TIF transparency and provide Chicago residents with a snapshot of what the program is — or isn’t — doing for their communities.  

“I can’t believe that it’s so much money that’s out there that the community does not know about that’s not channeling back into our community, especially with all the schools closing,” Renita Jones, a South Shore resident of more than 14 years, said after Saturday's meeting.