Talking TIFs on Dearborn Street


I spent the day learning more about TIFs, or tax increment financing districts. In a TIF district, property taxes are frozen, diverting money from schools and parks to projects that are intended to spur development in “blighted” communities. But in Chicago, the city’s management of these funds isn’t always transparent. (The experts on this topic really are Mick Dumke and Ben Joravsky of The Chicago Reader – see the Reader’s TIF archive here). On Tuesday, members of the Sweet Home Chicago Coalition gathered outside of Alderman Fioretti’s office on South Dearborn Street to urge him to support an ordinance that requires 20 percent of TIF money go toward affordable housing. You can read my event coverage for Mechanics here.


Author: Sheila Burt

Writer.

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