Chicago TIF for $3.6 billion project transit heading toward approval – The Bond Buyer

The Chicago Transit Authority's plan to establish a special transit tax-increment financing district to raise $1 billion needed to compete for federal grants to build a $3.6 billion rail transit extension could win final approval Wednesday. The City Council's Finance Committee advanced the measure to establish what would be the city's second transit TIF district at a Monday meeting, setting the stage for a full council vote Wednesday.
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The Railroader
3 years ago

$3.6 Billion for five miles of track. The set asides in that amount for ‘friends and pals’ must be absolutely breathtaking.

Poor Taxpayer
3 years ago

Just another way of stealing from the next unborn generation. Got to hand it to Chicago and Illinois no one steals better than they do.

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