Looks like the TIFs will be approved today after all.
Quote:
Mayor-elect Lori Lightfoot backed off her push to delay a City Council vote on the fate of two of the most ambitious real estate projects in the city's history, clearing the way for the developers behind the proposals to win up to $2.4 billion in public subsidies to help them... Lightfoot issued a statement late last night acknowledging that the votes are likely there to approve the TIF districts and that she would seek no further delay.
The statement said she met with both developers yesterday and both committed to increases in minority-owned and women-owned business enterprises that will be part of the redevelopment agreements governing each project. The total participation would increase by $80 million to a combined $400 million, according to the statement.
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https://www.chicagobusiness.com/comm...-yards-78-tifs