TIF Rally in Downtown Chicago

Community leaders voiced support yesterday for a re-evaluation of how TIF funds are allocated in Chicago.

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 [sic], organizers said.

[H/T Kay Shelton]

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