TIF's - Robin Hoods in reverse?
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The corruption of TIF's is like the corruption of copyrights - something originally intended for a limited time and defined purpose that high-powered lobbyists have hijacked into a perpetual entitlement.
Connected developers and contractors get the feast, while the bungalow owners get stuck with the check. Public purposes such as schools, pensions and the CTA face seemingly unending financial crisis even as hundreds of millions of dollars of TIF funds accumulate unspent. This is not sound fiscal management; this is your government on crack.
More from ArchitectureChicago PLUS
.
The corruption of TIF's is like the corruption of copyrights - something originally intended for a limited time and defined purpose that high-powered lobbyists have hijacked into a perpetual entitlement.
Connected developers and contractors get the feast, while the bungalow owners get stuck with the check. Public purposes such as schools, pensions and the CTA face seemingly unending financial crisis even as hundreds of millions of dollars of TIF funds accumulate unspent. This is not sound fiscal management; this is your government on crack.
More from ArchitectureChicago PLUS
.
posted by gf at 5:33 AM
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