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.
This policy is entirely backwards, the City should be encouraging such tear downs and renewal of the housing stock.Encourage development, don’t tax it.
Giddyap
3 years ago
Constitutional property rights are just ignored — for this performative race hustle fraud
The non-teardowns will become the abandoned, later to be torn down anyway.
Move out and your guilty of White-Flight, move in and your guilty of gentrification. What’s a man to do?
Move to Tennessee and make it redder.
This policy is entirely backwards, the City should be encouraging such tear downs and renewal of the housing stock.Encourage development, don’t tax it.
Constitutional property rights are just ignored — for this performative race hustle fraud