Lincoln Park

New TIF in the Loop

By Chris Andriesen
11/09/2010
by Kate Piercy The city of Chicago has just approved 6 million dollars in tax increment financing (TIF) for Accretive Health Inc. “to pay for job training and the build-out costs” of a new facility, which will be located at 231 South LaSalle Street. By law, TIFs are intended to promote economic development in blighted areas,...

Tax Increment Financing: Hidden in Plain Sight

By Kate Campaigne Piercy
10/12/2010
The Problem Although tax increment financing (TIF) has been around for over thirty years, many people do not understand how it works, how it affects their communities or their pocketbooks. Most people have no idea a significant portion of their property taxes are flowing into the hands of real-estate developers instead of their schools, public...