City Panel Approves $600M to Finish Cabrini – Better Government Association

If approved by the City Council, the extension of the Near North Tax Increment Financing District, is expected to generate $600 million more in tax revenue on top of the $350 million it already has generated since it was established in 1997 to help finance then-Mayor Richard M. Daley’s plan to redevelop the area.
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Riverbender
4 years ago

The Cabrini Green situation was Daley’s great plan to move the crime mess to the suburbs and other cities so he could manipulate crime statistics in the City of Chiucago and create a great big TIF slush fund for his cronies. Politics, Chicago style.

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