All Articles Tagged "community investment"
Community Activists Want TIF Funds to Help Rebuild Neighborhoods
(Chicago Sun Times) — In a downtown rally Sunday afternoon, Chicago community leaders voiced their hope that Rahm Emanuel who will be sworn in as mayor Monday would work with them to help bring more TIF funds to underserved neighborhoods and schools. Gathered in front of the Chicago Board of Trade, 141 W. Jackson, they stressed the need for tax-increment financing money in neighborhoods and questioned the reasoning behind TIF funds for successful multi-million dollar corporations. The Mercantile Exchange received $15 million in TIF subsides for renovations to the Chicago Board of Trade building, including its restrooms, despite making $457 million in profits in the first three months of 2011 along, organizers said.






