Wednesday, July 16, 2008
News / Chicagoland Spending our TIFs on beer executives.
Posted by Whet Moser on 07.16.08 at 10:07 AM
Kudos to Mike Hughlett of the Trib for following up on yesterday's exciting and self-affirming brewhaha and detailing where exactly our $20 million in state and local "assistance" to MillerCoors is coming from.
"The city has offered assistance to MillerCoors in the form of tax-increment financing. The exact amount hasn't been determined, but Rita Athas, executive director of World Business Chicago, the city's economic development office, said it would likely be $2.5 million to $5 million."
FYI, MillerCoors is considering the blighted regions of the Carson Pirie Scott building and 250 W. Wacker, among other places. As always, your best TIF primer is here.
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