The TIF Illumination Project produces reports to track the performance of Chicago’s TIFs. Among their findings were: Total expenditures from Chicago’s TIFs in 2014 were $638.3 million. This represented an increase from 2013 of $265.4 million or 71%) This is how much all of Chicago’s TIF districts spent in 2014. The biggest spender was the Near South TIF with $102.3 million. $28 million will go to subsidize the development of the Marriot’s Hotel on the McCormick Place campus. $53.2 million went to the Board of Education for the Jones College Prep High School. $11.6 million went to the CTA for construction of the new Cermak Road Green Line station.
Join us as we talk with Tom Tresser, the lead organizer for the TIF Illumination Project to discuss the pros and cons of TIFs and their impact to Chicago and local communities. Here is a link to the 2014 TIF Analysis. http://www.tifreports.com/2014-tif-analysis/
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