Thursday, August 13, 2015

In Woodlawn, questions about the city’s TIF program | Chicago Reporter

But a Chicago Reporter analysis found that most of the money generated in Woodlawn's oldest TIF district, which includes a swath of 63rd Street and Cottage Grove Avenue, has not been invested in the area. Of the $30.8 million in revenue generated by the district from 1999 to 2014, according to city data, nearly three-fourths of the money was either unspent or transferred out of the district to repay the city bond debt from the construction of a high school in South Shore, another struggling South Side community.

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