Funding for Mayor Lori Lightfoot's INVEST South/West project moved to full City Council approval, but with aldermanic hurdles along the way.
The administration of Mayor Lori Lightfoot revealed that it's working to delay the expiration of 13 tax-increment financing districts citywide.
In an interview by Ben Joravsky with Dave Glowacz on the Chicago Reader's Ben Joravsky Show, Ben and Dave discussed the City Council's divided approval of Mayor Lori Lightfoot's 2020 budget.
Audio of Chicagoans who gave Mayor Lori Lightfoot their advice and pleas at budget town halls that took place in September and October of 2019.
The Chicago City Council Office of Financial Analysis has made its first-ever public analysis of the city's annual Comprehensive Annual Financial Report.
In an interview by Ben Joravsky with Dave Glowacz on the Chicago Reader's Ben Joravsky Show, Dave and Ben discussed the Lightfoot administration's defense of tax-increment financing in general, and the Cortland/Chicago River TIF district in particular.
A report from the Chicago mayor's office details the ways in which city departments defer to "aldermanic prerogative".
A writer at the Citizen Advocacy Center unpacks a "diversion thesis" that's common canon among TIF critics.
In an interview by Ben Joravsky with Dave Glowacz on the Chicago Reader's Ben Joravsky Show, Dave describes his recent reporting on megadevelopments and Lincoln Yards.
A study has found that publicly funded incentives such as property tax abatements and investment tax credits are "linked with worse overall fiscal health" for the state and local jurisdictions that employ them.
The study, from researchers at North Carolina State University, took a comprehensive look at all incentives offered in 32 states from 1990 to 2015.
Report: "You Don't Always Get What You Want: The Effect of Financial Incentives on State Fiscal Health" (North Carolina State University)
Elements of the proposed Lincoln Yards complex, which shifted repeatedly prior to its City Council approval this year, continue to change.
In an interview by Ben Joravsky with Dave Glowacz on the Chicago Reader's Ben Joravsky Show, Dave and Ben discuss the Cortland/Chicago River TIF district drama in the City Council's finance committee.
Chicago's City Council will vote on locking in payments from property taxes to the developer of the proposed Lincoln Yards complex, plus an undetermined amount of fees to bankers, by way of the Cortland/Chicago River TIF district.
The city of Chicago says that the City Council's finance committee will consider the Cortland and Chicago River TIF district at its April 8 meeting.
A newly-revealed ordinance contains a 600-page redevelopment agreement with developer Sterling Bay, identifying the public infrastructure it'll build to support Lincoln Yards.
Complete audio: The Chicago City Council Committee on Zoning's approval of the planned-development ordinances for the Lincoln Yards complex.
Interview with the Chicago Reader's Ben Joravsky on the 2019 mayoral candidates' responses to the Chicago Sun-Times question, "As mayor, what would you do about TIFs?", and more.
Complete audio: The Community Development Commission's unanimous approval of the Cortland/Chicago River TIF district to finance the Lincoln Yards complex.
The city's Community Development Commission and Chicago Plan Commission will soon consider approval of the Cortland and Chicago River tax-increment financing district, surrounding Lincoln Yards.
The city of Chicago released a massive report on traffic around the proposed Lincoln Yards development that contradicts details disclosed previously by the developer.
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