Chicago Taps Brakes on Gentrification With a Tax on Teardowns – Bloomberg
The demolition fee is based on a similar “teardown tax” in neighboring Evanston that funds affordable housing development and has been in place more than a decade. Chicago charges developers $15,000 per building teardown, or $5,000 per unit, whichever is greater. The teardown fee applies through 2024 to certain areas in Pilsen and around The 606.

Ted was on Chicago’s Morning Answer with Dan and Amy to talk about the hypocrisy of SAFE-T Act proponents calling criticism of the Act wrong and racist…then turning around and enacting those changes, why cashless bail is a massive experiment affecting the lives of black Chicagoans and the sad milestone of 1,000 days under Gov. Pritzker’s Covid executive orders.
Matt Rosenberg joined an in-depth interview with Richard Helppie on his “Common Bridge” interview show. Matt explained how progressive governance has produced such awful results for Chicagoans and emphasizes Chicago is still worth fighting for: “…you see the vibrancy everywhere. I walk sometimes 10 or 14 miles in a day, across Chicago, many of my friends think I’m insane. I love this place. It’s still a fantastic city. So that’s why many of us still fight to try and get better policies enacted.”