Here's the latest proposal to spend TIF money in an area that doesn't need it | On Politics | Chicago Reader

Here's the latest proposal to spend TIF money in an area that doesn't need it 

Why does a developer need a $14 million subsidy to build on the north lakefront?

Forty-Sixth Ward alderman James Cappleman has been asked to sign off on a $14 million tax increment financing subsidy for a development on the valuable north lakefront.

Forty-Sixth Ward alderman James Cappleman has been asked to sign off on a $14 million tax increment financing subsidy for a development on the valuable north lakefront.

Richard A. Chapman/Sun-Times Media

As part of my effort to be as jolly as Santa during the holiday season, I'm going to say something really nice about the proposal to spend $14 million of our property tax dollars on an upscale housing complex on the north…

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