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City Will Finance 2016 Olympic Village Site With TIF Funds

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Crain's Chicago Business   |  John Pletz   |   January 12, 2009 05:14 PM

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Read More: Chicago 2016, Chicago Olympic Village, Chicago Olympics, Chicago Olympics Costs, Chicago Olympics Funding, Chicago Olympics Tif, Michael Reese Hospital Tif, Olympics, Tifs, Chicago News

The city of Chicago will need a tax-increment financing district to develop the Olympic Village planned on the former site of Michael Reese Hospital.

If the city is selected to host the 2016 Summer Games, it will carve out a new TIF district from the existing Bronzeville TIF to help fund new roads, sewers and other infrastructure needed for the Olympic Village planned for the Reese site, said Lori Healey, president of the Chicago 2016 bid committee.

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The city of Chicago will need a tax-increment financing district to develop the Olympic Village planned on the former site of Michael Reese Hospital. If the city is selected to host the 2016 Summer G...
The city of Chicago will need a tax-increment financing district to develop the Olympic Village planned on the former site of Michael Reese Hospital. If the city is selected to host the 2016 Summer G...
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- chicago25624 I'm a Fan of chicago25624 permalink

Only in Chicago will they steal in the name of maybe. How proud the people of Chicago are. Then again there are no souls in Chicago.

More taxes for the highest taxes in the country. Remind me again who has been in charge in Chicago the last 10 years.

    Favorite    Flag as abusive Posted 06:53 PM on 01/12/2009
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