It’s been a year since Whole Foods made the surprise announcement it was shutting down its Englewood location. The store has been the site of controversy since it was announced that Save A Lot operator Yellow Banana was taking over the lease.
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Activists, community members and local elected officials have for months expressed their concerns to Save A Lot operator Yellow Banana about the poor reputation Save A Lot has among many Chicagoans, particularly Black residents.
Many community leaders and residents who spoke out at public meetings didn’t want to see discount grocer Save A Lot move in, citing its limited options and poor reputation among many Chicagoans. Despite that outcry, Save A Lot operator Yellow Banana has been announced as the new tenant in the grocery store space.
Demolishing the record set in each of the past two years, $1.22 billion poured into the city’s 129 TIF funds in 2021, according to a report from the office of the Cook County Clerk.
The growing share of city property taxes sent to tax increment finance districts has fueled a perennial argument over whether the districts actually spur redevelopment and eradicate blight or serve to exacerbate growing inequality in Chicago.
The growing share of city property taxes sent to tax increment finance districts is sure to fuel the argument over whether the districts actually spur redevelopment and eradicate blight or exacerbate growing inequality in Chicago.
As a candidate, Lori Lightfoot pledged to overhaul the tax increment financing system. On Wednesday, her administration unveiled how it's beginning to make good on that promise.
The battle over the massive $6 billion Lincoln Yards development is far from over. We discuss the controversial project with Aneel Chablani, chief counsel of the Chicago Lawyers’ Committee for Civil Rights, and 2nd Ward Ald. Brian Hopkins.
The city of Chicago could be in line for a giant windfall of tax revenue, just in time to face down a $700 million budget gap.
After months of debate, the controversial $1 billion public subsidy for Lincoln Yards is now law. City Council approved the measure hours after Mayor-elect Lori Lightfoot softened her opposition to the project.
An obscure city commission voted Tuesday to approve a $900 million tax increment financing district that will help fund infrastructure upgrades for the proposed $6 billion Lincoln Yards development.
The governor says Chicago could solve a lot of CPS’ financial problems by getting rid of TIF districts, but the mayor and other budget watchdogs say that doing away with them could actually cost public schools money.
Chicago Public Schools will stay open until June 22, the end of the regular school year, instead of closing early on June 1. “You will be in school until the end of the school year. We will be here working to find the resources,” said Mayor Rahm Emanuel.
Why the City Council on Wednesday voted unanimously to create a massive TIF district to fund the CTA.
A proposed change to city law that could divert tens of millions in tax incremental financing (TIF) dollars to the cash-strapped Chicago Public Schools will likely undergo some additional changes before it comes to City Council for approval.
Nearly two dozen speakers attended a pair of hearings Friday to voice their concerns about the district's proposed 2017 budget, questioning the morality and legality of funding cuts and staff layoffs within the cash-strapped district.
