|The Lincoln Yards development became the poster child of all that was wrong with the Tax Increment Financing Program. In many citizen's eyes a huge successful developer received precious tax funding for an area that would be developed privately anyway. Photos taken March 30th last week. All photos Eric Rojas, Broker, Kale Realty|
|Lincoln Yards development site is situated between the Lincoln Park and Bucktown neighborhoods along the Chicago River.. Many of the residential and commercial spaces will afford spectacular skyline views.|
The Tax Increment Financing Program (TIF) was a big mayoral campaign issue. Back in February WTTW did a story on Mayor Lightfoot's plans to reform how TIFs are utilized in Chicago. The Daily Line revisited the subject late last month. We went out and took a few photos of the Lincoln Yards development site on March 30th. Lincoln Yards became Ground Zero for the TIF dispute during the last Mayoral election.
From my reading Lightfoot is promising more oversight and transparency into the actual process of determining which projects should be eligible for TIFs. The changes do not appear to rule out more prosperous areas of the city or large developers from benefiting from TIF funds to build private residential and commercial units.
|At West Dickens|
|On West Cortland|