The economic development funds are supposed to go to neighborhoods that need it. Guess where they’re really going. For the first time ever: how the city spends TIF funds, ward by ward
No sooner had I promised to keep the TIF mumbo jumbo out of my earlier explanation of Mayor Daley’s goofy Olympic Village financing scheme then the e-mails and calls came in: Please, Ben, give us the mumbo jumbo!
The city reveals what we already knew in our heart of hearts: the Olympics will be paid for with TIF funds.