Several Real Estate Projects Winners with Chicago TIFs

The Chicago Reader has the story.

Conversely, the less money an area generates in property taxes, the less money flows into its TIF accounts.
Thus, the program that's intended to help the poorest of the poor neighborhoods largely benefits richer ones, like the near-west- and near-north-side communities Alderman Burnett represents.
Through 2010, the city spent about $197 million in TIF dollars on various projects in the 27th Ward.
In contrast, the city spent about $7.9 million in Alderman Anthony Beale's far poorer south-side 9th Ward.

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