tax increment financing


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From left: McCaffery Interests CEO Dan McCaffery, renderings of the “Southbridge” campus, and Mayor Lori Lightfoot (Credit: Facebook)

“Full speed ahead:” City approves millions in public financing for long-awaited Ickes Homes redevelopment

Updated, June 17, 2:53 p.m.: A long-promised redevelopment of the demolished Harold I. Ickes Homes took is finally set to become reality. The City...

“Full speed ahead:” City approves millions in public financing for long-awaited Ickes Homes redevelopment
Alderman Ed Burke and AMITA Health Saints Mary and Elizabeth Medical Center (Credit: Wikipedia and Google Maps)

Hospital operator turns down subsidy for Downtown HQ after Burke scandal

A hospital operator is turning down a city subsidy for its Downtown offices amid the growing scandal involving embattled...

Hospital operator turns down subsidy for Downtown HQ after Burke scandal
Lincoln Yards’ $1.3B in city incentives violates state law: lawsuit

Lincoln Yards’ $1.3B in city incentives violates state law: lawsuit

The $1.3 billion tax increment financing district approved for Lincoln Yards violates state law, according to a lawsuit filed...

Lincoln Yards’ $1.3B in city incentives violates state law: lawsuit
It’s official: Sterling Bay and Related get final ‘go’ sign for Lincoln Yards, The 78

It’s official: Sterling Bay and Related get final ‘go’ sign for Lincoln Yards, The 78

It took until nearly the last possible moment, but Mayor Rahm Emanuel and his allies in the City Council managed to drag Related Midwest...

It’s official: Sterling Bay and Related get final ‘go’ sign for Lincoln Yards, The 78
TIFs for Lincoln Yards, The 78 appear headed for approval after Monday fake-out

TIFs for Lincoln Yards, The 78 appear headed for approval after Monday fake-out

The City Council is poised to create new tax increment financing districts on Wednesday for Lincoln Yards and The...

TIFs for Lincoln Yards, The 78 appear headed for approval after Monday fake-out
TIF votes paused for Lincoln Yards, The 78 after Emanuel gives stop signal

TIF votes paused for Lincoln Yards, The 78 after Emanuel gives stop signal

The City Council’s Finance Committee will wait until Wednesday, at the earliest, before taking steps to approve up to...

TIF votes paused for Lincoln Yards, The 78 after Emanuel gives stop signal
City advances controversial public financing plan for Sterling Bay’s Lincoln Yards

City advances controversial public financing plan for Sterling Bay’s Lincoln Yards

A key city commission advanced a plan to use property tax revenue for construction around the Lincoln Yards mega-development,...

City advances controversial public financing plan for Sterling Bay’s Lincoln Yards
City advances taxpayer-paid infrastructure plan around Related’s The 78

City advances taxpayer-paid infrastructure plan around Related’s The 78

UPDATE, Feb. 5, 4:30 p.m.: A key city commission advanced a plan Tuesday to use taxpayer money for public...

City advances taxpayer-paid infrastructure plan around Related’s The 78
Sterling Bay’s Lincoln Yards TIF district could cost taxpayers $1.3B: report

Sterling Bay’s Lincoln Yards TIF district could cost taxpayers $1.3B: report

The tax increment financing district proposed for the area around Sterling Bay’s Lincoln Yards megadevelopment could end up using...

Sterling Bay’s Lincoln Yards TIF district could cost taxpayers $1.3B: report
Aldermen shelve plan that could kill $1.5B in incentives for mega projects

Aldermen shelve plan that could kill $1.5B in incentives for mega projects

A group of aldermen have pushed the pause button on a move that would eliminate some $1.5 billion in...

Aldermen shelve plan that could kill $1.5B in incentives for mega projects
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