TIFs
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Meetings announced for next RPM phases, to make North Red, Purple lines 100% accessible
Last week there was a light in the (subway) tunnel in terms of making the remaining non-accessible North Side Red and Purple stations ADA-compliant.
March 6, 2023
Green light for the Red Line extension: TIF passes in committee, heads to full Council
In the end all three aspects of the Red Line extension TIF legislation passed nearly unopposed in a roll call vote, with Pat Dowell (3rd) being the sole no vote.
December 12, 2022
Should we fund the $3.6B Red Line Extension with TIF money from other parts of town?
Detractors say its unfair to make residents of wealthier areas pay for a project that won't directly serve their neighborhoods. Proponents say the initiative will help all Chicagoans and advance equity.
August 16, 2022
Some Skepticism, Lots of Support for Funding Red Line Work With Transit TIF
At a public meeting Tuesday night, Department of Planning and Development and Chicago Transit Authority officials outlined plans for a new transit TIF district along the North Side Mainline ‘L’, which carries the Red and Purple lines. The proposed TIF (tax-increment finance district) would generate funds to help pay for the Red-Purple Modernization project.
September 15, 2016