The West Loop is having an apartment development boom unlike anywhere else in Chicago. The neighborhood has 9,065 units planned or under construction — more than the rest of downtown Chicago neighborhoods combined.
Section 8 will be demanded – illegals have to be put somewhere on the taxpayers dime.
Susan
4 years ago
TIF money from taxpayers ensures developers profit from the start. Taxpayers not only pay for developers’ profits on unwanted new properties, but are buried in a grave of property tax liability for new TIF freerider residents. TIF new property dwellers do not pay property taxes to schools, their taxes may go only to TIF. For 35 years. Chicago residents may check their personal tax burden per each new student enrolled by looking at the school district tax levy, and dividing by number of students enrolled. Example: In Woodstock the school tax levy is 60 million for 6000 students, so there… Read more »
Lions Choice
4 years ago
Get ready for the mother of all real estate crashes
Ex Illini
4 years ago
It will be interesting to see who ends up living in these apartments. The only people I know still living in Chicago are looking to move out.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Section 8 will be demanded – illegals have to be put somewhere on the taxpayers dime.
TIF money from taxpayers ensures developers profit from the start. Taxpayers not only pay for developers’ profits on unwanted new properties, but are buried in a grave of property tax liability for new TIF freerider residents. TIF new property dwellers do not pay property taxes to schools, their taxes may go only to TIF. For 35 years. Chicago residents may check their personal tax burden per each new student enrolled by looking at the school district tax levy, and dividing by number of students enrolled. Example: In Woodstock the school tax levy is 60 million for 6000 students, so there… Read more »
Get ready for the mother of all real estate crashes
It will be interesting to see who ends up living in these apartments. The only people I know still living in Chicago are looking to move out.