Chicago Mayor Rahm Emanuel’s administration has decided to channel more than $7.3 million in tax increment financing toward a “bus rapid transit” line downtown, according to transportation and economic-development officials.The money will combine with an announced $24.6 m
Chicago Mayor Rahm Emanuel said Wednesday he will review a city program that funnels public money to non-profits, after the city's inspector general this week revealed that a group led by Chicago's former first lady disproportionately benefited from the program.But Emanuel stopped short of commentin
Devon Avenue regulars may feel like they’ve fallen for a sort of tease this summer. Residents and business owners have long awaited the completion of a seemingly endless construction at the corner of Devon and Rockwell St.
Chicago’s TIF, or Tax Increment Financing, is a tool meant to encourage development in so-called blighted communities. But TIF is not without its critics. Some argue that money does not go to the areas that need it most. Current Chicago Mayor Rahm Emanuel campaigned to reform the program.
Chicago Mayor Rahm Emanuel had some sharp words Thursday for the way former Mayor Richard Daley used money meant for economic development.Emanuel said tax increment financing districts, better known as TIFs, are an important economic tool for Chicago's neighborhoods.
Mayor-elect Emanuel isn’t the only one being sworn in on Monday. May 16 is also Inauguration Day for Chicago's new City Clerk, the City’s Treasurer and members of City Council. Some new aldermen might mean new agendas for some Chicago wards. But sweeping change may not be upon the city just yet.