Dan Mihalopoulos breaks the news that Richard Mell and George Cardenas want one to take the place of the Olympic Village (I don’t hold out any hope that developers would consider the Gropiusness of the site a draw for gambling architecture buffs). This will of course raise questions of the sort inspired by the video […]
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!
If you’ve ever wondered why Ben Joravsky feels the need to constantly explain what a TIF is, here’s why: “If the [Olympic] village is built in a tax increment financing district, the extra property tax revenue generated by the new development would pay for public improvements in the area for a set period of time.” […]
When Mayor Daley first told us about his plan to put an Olympic Village at the Michael Reese Hospital site, he promised that it wouldn’t cost the public any money. I suppose we should consider it a step toward truth-telling that he’s now saying the reason it’s not going to cost us any money is […]
Why, exactly, we think the 2007 class of aldermen get a low midterm grade.
Alderman Willie Cochran needs to learn the first lesson of TIFs in Chicago: it’s the mayor’s money to spend as he likes.
Mayor Daley helps other mayors get ready to lobby the Obama administration for cash, and other big news of the day.
The City Council spent more time Tuesday praising Roland Burris than discussing plans to use taxpayer money on the 2016 Olympics. By a long shot.
The city reveals what we already knew in our heart of hearts: the Olympics will be paid for with TIF funds.
A few other things have been happening while Blago’s troubles have dominated the front pages.
Chicago 2016 is homeless again.
Beyond the smoke is the first clear sign that TIFs will fund the mayor’s Olympic dreams.