Posted on 08/17/2021 9:24:35 AM PDT by simpson96
CHICAGO (WLS) -- Chicago's Community Development Commission approved in a meeting Tuesday an additional $600 million in tax revenue to go toward redeveloping Cabrini-Green.
The Near North TIF has been controversial since it was created in 1997 by former Mayor Richard M. Daley. The proposed extension is likely to renew the debate over TIFs. Proponents have said they are tools to spur economic development in blighted areas. Those against them say they are a "slush fund."
Mayor Lori Lightfoot's plan to finish the project now goes to the full City Council for what city officials hope is final approval in October, taking the full amount the city has pledged to nearly $1 billion.
Over the last two decades, the area was redeveloped with luxury condos, affordable and public housing units, new school buildings, beautified parks and high-end retail stores and restaurants. But the project isn't complete.
Former residents of Cabrini-Green have been fighting several city administrations for more than 25 years to keep Daley's promise to replace homes of low-income families displaced in the controversial Cabrini-Green razing.
(Excerpt) Read more at abc7chicago.com ...
Really? They want to recreate Cabrini-Green?
One of the WORST slum projects ever to infect Chicago? One of the manifestations of LBJ’s great failure known as the Great Society?
I’ll never understand the mentally ill mindset of a liberal.
Never.
Take $600M, and light the match now!
Remodeling the Ghetto?.........................
Ain’t we lucky we got em. Good times.
Is this a payoff to get obozoville built without more neighborhood resistance? Timing would suggest connection. Also, the state officials in each process are the same.
Hey! Let’s warehouse the poor! What could possibly go wrong?...................
This reminds me of that old show starring Kelsey Grammer—”Boss”:
https://www.amazon.com/Boss-Complete-Season-DVD/dp/B00IOQZBHE
How many dead bodies are under the concrete foundation?
If it doesn’t work the first time, try and try again.
Maybe add a MASH unit next door this time?
5.56mm
Maybe Covid funds.
$600m? Did not realize lease rates on wrecking balls, front end loaders and dump trucks had gotten that expensive.
It was a short cut from the airport but really bad place.
Once all the grifters are paid off there should be enough left over to buy a pack of LED light bulbs from Walmart.
Hey, use it for the Obunghole “library”.
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