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City Sued Over TIF Funds

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Chicago Public Radio   |  Tasha Flournoy   |   December 3, 2008 07:36 PM

Read More: City Sued TIFs, Fix Wilson Yard, North Side Sues TIF, TIF Districts Chicago, TIF Funds, Tif Lawsuit, Tifs, Tom Ramsdell, Wilson Yards, Chicago News

A group of residents on Chicago's North Side is suing the city and developers over a development project. The group alleges city officials are misusing tax increment financing or TIF funds.

Chicago has dozens of TIF districts where some property tax money goes into a special economic development fund. A new lawsuit alleges the city shouldn't be spending that money for a mixed use development in the Uptown neighborhood. Tom Ramsdell is an attorney for a group called Fix Wilson Yard. He says the project doesn't need TIF funds because the area isn't blighted or a historic site.

Read the whole story here.

A group of residents on Chicago's North Side is suing the city and developers over a development project. The group alleges city officials are misusing tax increment financing or TIF funds. Chicago h...
A group of residents on Chicago's North Side is suing the city and developers over a development project. The group alleges city officials are misusing tax increment financing or TIF funds. Chicago h...
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