The move will generate $959 million for the project by funneling a portion of the increase in property tax revenues for the next 35 years from the 42nd, 3rd, 4th, 11th and 25th wards — even though the extension of the train line would be miles away from any of those wards.
The city must match an expected federal grant of $2.16 billion before the first track can be laid — and the City Council is set to give the project signal clearance Wednesday.
The city must match an expected federal grant of $2.16 billion before the first track can be laid — but it is not clear whether the City Council will give the project signal clearance.
Lightfoot formally introduced a proposal on Wednesday to the Chicago City Council to create a new tax-increment financing district along the southern branch of the CTA Red Line to fund the extension of the train line first envisioned by former Mayor Richard J. Daley in the 1950s.
The Community Development Commission sent the proposal to the Chicago Plan Commission, which is scheduled to consider the issue at its meeting scheduled for Oct. 20.
Ald. Pat Dowell (3rd Ward) said the plan would be a “bad deal” for residents of Bronzeville and set a bad precedent. The proposal from Lightfoot’s administration would create a new tax-increment financing district along the southern branch of the CTA Red Line to generate $950 million for the project.
Jonathan Jackson, the son of famed Civil Rights icon Jesse Jackson, emerged from the crowded field to win the Democratic nomination in the 1st Congressional district to replace U.S. Rep. Bobby Rush.
Delia Ramirez will face the lone Republican in the race, Justin Burau, in the November general election.
An alderperson comes out against one of the three Chicago Casino finalists; developers plan new apartments for the Magnificent Mile; and a series of ads hopes to showcase Illinois as “the middle of everything.”
The area includes part of the Bronzeville neighborhood. And it has a rich history, from its churches to its hospital. We spoke with community leaders about that and efforts to bring people together this holiday season.
Four City Council members share their thoughts on the mayor’s budget proposal, the embattled park district, and more.
It’s another sign that Chicago is returning to normal: Conventions are beginning to return to the city, including the Chicago Auto Show, which is set for mid-July at McCormick Place in the South Loop. We hit the streets as part of our community reporting series.
Aldermen on Tuesday advanced a scaled-back effort to test whether Chicago’s affordable housing crisis could be eased by permitting basement, attic and coach house dwellings in five areas of the city.
Mail service has been sporadic at best in many parts of Chicago this holiday season. We visit two areas that have been hit hard to find out what’s going on, and what can be done to fix it.
Mayor Lori Lightfoot’s plan to close a projected $1.2 billion budget gap in 2021 would hike sales and property taxes by $76.4 million, eliminate 1,921 city jobs and dip into the city’s rainy-day fund.
All across Chicago, communities are rebuilding from the twin crises of COVID-19 and property damage. We speak with residents, business owners and officials in the historic heart of black Chicago culture.