Quote:
Originally Posted by maru2501
from Tribune reporter John Byrne on twitter @_johnbyrne
Finance Commte Chair Ald Pat O'Connor now says he plans to take testimony on LY and 78 TIFs today, then come back Wednesday morning prior to full council, potentially vote on the controversial funding mechanisms then
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This will be Lightfoot's first real test, the question will be how much do the alderbeasties fear her. One wonders if there will be enough defectors to aldermanic prerogative in this situation to defer to Lightfoot. Though there might also be enough lame ducks in office to throw the vote to SB.
Quote:
Originally Posted by skysoar
Oh yes, there are just hundreds of developers lined up to develop environmentally challenged areas like Lincoln Yards. I have no problem giving some subsidies to projects like LY, because they have a potential to leverage the T.I.F, by providing employment and a great improvement over what exist there now. Besides we give umm..handouts to a lot less potential entities than Lincoln Yards.
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Not hundreds, but Sterling Bay was sold the city parcel North of the North Ave Home Depot at a discount to Omni group's higher bid. The fact is SB is being given preferential treatment here as the "home team champ" which is exactly the kind of clouted bullshit that needs to stop. If Omni is willing to pay more for the facility management garage than Sterling Bay, then it should be sold to Omni. I don't care if SB is trying to do something big and fancy here, the city needs every dime it can get.
Same goes for this TIF bullshit, no go F yourselves SB. In what world does a swath of riverfront land smack dab between the two premier neighborhoods of Chicago's north side need a TIF? If you want a TIF you can have one but it's going to be for a train line from the Brown Line to the Blue Line so your clusterfuck of a plan can't totally trash traffic circulation on the entire near North Side.
As I've said several times already: GO GET 'EM LORI!