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Work on Industrial Arts Glass Studio Costs Illinois Taxpayers $71,000
According to the Department of Commerce and Economic Opportunity Grant Tracker website, the Little Black Pearl Workshop received a $71,000 grant to help complete the industrial arts glass studio, located at 1060 East 47th Street in Chicago. Specifically the …
Illinois to Spend $150k to Upgrade Lighting
The Department of Commerce and Economic Opportunity recently awarded a grant to the city of Chicago to help “with upgrading the lighting in the 34th Ward of Chicago, specifically on 115th Street from Vincennes Avenue to Lowe Avenue.” The award …
New TIF in the Loop
The city of Chicago has just approved 6 million dollars in tax increment financing (TIF) for Accretive Health Inc. “to pay for job training and the build-out costs” of a new facility, which will be located at 231 South LaSalle …
Illinois Pays $100k to Host a Football Game Between Two Out-of-State Universities
The Chicago Football Classic Inc. received a $100,000 grant to assist in hosting the Chicago Football Classic. According to the DCEO website the game “will feature Mississippi Valley State versus Southern University.” Southern University is located in Baton Rouge, Louisiana …
Spotlight on Spending
Check out the newest spotlight on spending covering traffic control aides in Chicago. Necessary? Some taxpayers don’t think so.…
Check Out a New Paper on TIF Transparency!
Although tax increment financing (TIF) has been around for over thirty years, many people do not understand how it works, how it affects their communities or their pocketbooks. Most people have no idea a significant portion of their property taxes …
Taxpayers Paying for New Model of Chicago
In 2008, the Chicago Architecture Foundation was awarded a $100,000 grant from the Department of Commerce and Economic Opportunity to “assist in the development of the 2008-2009 Special Exhibitions.” According to the DCEO Grant Tracker (Under “Search Grants by Organization” …
State Spends $100k on New Art Exhibit
In 2009, the Department of Commerce and Economic Opportunity awarded a $100,000 Tourism Attraction Grant to the Art Institute of Chicago for the Becoming Edvard Munch Exhibit (under “Search Grants by Organization” search Art Institute of Chicago). According to the …
Daley Proposes Dipping into TIF Reserves to Balance Budget
Mayor Daley went forward with his plans to use TIF reserves in order to “balance” his proposed FY2011 budget, leaving it to his future replacement to tackle the inherent problems that led the city into a deficit in …
Rahm on TIF
Not many people understand tax increment financing (TIF) very well, and the lack of transparency in the TIF process, particularly in Chicago, leaves many taxpayers unaware of exactly where TIF developments are located, how many tax dollars are going …
