We’ve reached an “I told you so” moment, dear readers, where I get to say . . . I told you so! It was roughly one year ago that I predicted the Bears would probably call upon the good citizens of Arlington Heights to fork over a TIF handout to build their new football stadium […]
Tag: tax increment financing
Hocus-pocus
As the years roll by, mayors and aldermen come and go but the great Tax Increment Financing scam stays forever. Oh, TIFs, TIFs, TIFs. Haven’t written about them in awhile. But they’re always on my mind, to paraphrase the great Willie Nelson. They’re particularly on my mind as I follow the falsehoods advanced by both […]
Footing the bill
In the last few weeks, Mayor Lightfoot has revealed several important details about the casino she’s pushing so hard to develop, including . . . Where it will go—near Chicago and Halsted on the city’s near north side. Who will run it—Bally’s Corporation. And why we need it—to raise money to pay police and firefighter […]
Whole Foods flight
In the aftermath of Whole Foods closing its taxpayer-subsidized store in Englewood, it’s as good a time as ever for me to once again remind you that it was only four years ago that the city and state were begging Jeff Bezos to please, please, please take billions of our tax dollars and build a […]
A bad hand
Now that Mayor Lightfoot has officially revealed the three finalists for Chicago’s casino, the bamboozling of the city will begin. Oh, Chicago, you know you’re getting bamboozled. I think you sorta like it—a little attention from the boss. It’s like you matter as they try to win you over into supporting something you don’t really […]
The “fuckton” twins . . .
I was fired up to excoriate Mayor Lightfoot for her recent “fuckton” comments, when . . . John Catanzara released a video of himself holding a sign that read: “John Catanzara for mayor 2023.” And immediately I was overwhelmed with an urge to excoriate him. As Johnny C has come to Lightfoot’s rescue with his […]
Sorry, Arlington Heights
Pound for pound the funniest headline for the last week, if not month, came from the unlikeliest source—Crain’s Chicago Business. Not widely known for its knee-slappers. But in this case they had me laughing out loud, when a few days ago they posed the following question in a mass e-mailed clickbait post: “A new Bears […]
The mayoral promised land
In what was for me a dizzying overload of riches, Mayor Lightfoot delivered her budget speech at roughly the same time that Mayor Rahm’s financial disclosure statement went public. Hello, Monday morning! My takeaway from reading them side by side is this: the rich get richer and the poor get platitudes. Same as always. OK, […]
Squeeze play
The Bears pit Chicago versus Arlington Heights in a bidding war to see who’s the biggest sucker.
Preserving the status quo
A modest proposal to turn Chicago into more of a boss-o-cracy than it already is
Chicago’s plan
The shooting of Adam Toledo shows that not much ever changes in Chicago.
The last bastion
Maria Pappas reveals the dirty not-so-secret inequity of TIFs.
Some things never change
Aldermen can vote to fire city workers but they better not vote against a TIF.
The inequity buster
If Mayor Lightfoot and Sam Skinner want to help the west and south sides, they should look to the TIFs.