Again, I told you so. Our Alderman and DevCorp North sold out the neighborhood to a university that doesn't pay taxes but owns alot of land. The rich get richer, the poor get kicked out of the neighborhood. This is Alderman Moore and DevCorp North's game plan. Make no mistake about it.
"Gentrification occurs, the yuppies move in....." said John Figlioli, a principal with Garrett Realty & Development Inc.
With a freshman class pushing 2100 students this year, and the largest enrollment ever...
Q.) How many students are of color? A.) Not many at all.
Q.) What is the campus make-up ( Household Income status) ? A.) Mostly white, well to do kids from the burbs and other states.
Q.) Is the student body filled with Sullivan High School or Howard Area graduates from Rogers Park? A.) I think not. They couldn't afford the tuition.
Q.) So this is the make-up of a diverse Rogers Park? A.) You decide.
Chicago Tribune story.
5 comments:
And, Loyola is beefing up security at both campuses, even allowing some to wear weapons. But I worked with a young woman...from the suburbs...who wasn't rich and was paying off a student loan.
Craig, they'll send the poor to the Orr/Moore/Hud Triangle to justify another SSA. It's all been decided without community input.
I got a offer from someone else to do a prospective on the Loyola TIF. Hugh and his work can be found elsewhere on the internet.
>If they do not pay taxes on the land, why should they get any dividends from the land?
Loyola University of Chicago is a Illinois not-for-profit. But a not-for-profit is not necessarily exempt from paying property taxes. If they use their property for for-profit purposes, then property taxes are due.
As an example, think of the DePaul Center in the old Goldblatt's Building on south State Street. (In many ways, Loyola is playing catch-up to DePaul in this area of aggressively pursuing property tax-subsidized development.) The DePaul Center houses DePaul offices and classrooms, and some City departments, but it also has restaurants and stores on the first floor. We taxpayer should expect DePaul to pay property taxes on the portion of their property they lease to for-profit businesses.
As another example, think of the new Park Grill in Millenium Park. It is located on Park District land, but operated for-profit. We taxpayers should expect someone to pay property taxes on that portion of the park.
Anyone want to send their thoughts:
Mr. Gernhardt,
I'm interested in printing a letter regarding Rogers Park TIF and Loyolain the op-ed section of next week's issue of the Loyola Phoenix. Donald Gordon's letter is alright, but is too vague for print--many of our students don't know the history of TIF or the nature of the University's involvement.
If you choose to respond with a letter, please make it about 300 words, including detailed descriptions of what the TIF entails, and what Loyola has done.
The issue comes out this Wednesday, September 21; though we may not be able to publish the letter this week, I can make sure it will be printed soon. If you
have any questions, comments, or concerns, please let me know.
Best,
Nick Gamso
Discourse Editor
Loyola Phoenix
>...about 300 words, including detailed descriptions of what the TIF entails, and what Loyola has done.
Explain TIFs in general, to college students no less, and chronical the Loyola TIF in particular, in 300 words or less? Yeah, sure.
NCBG has a web site and hundreds of pages of documents trying to explain TIF. How do you explain TIF to someone for whom property taxes is a vague concept, one of those scary things in the future? Do you backtrack and explain the baroque property tax system in Illinois?
Sounds like someone already wrote a puff on the exciting new era being ushered in here, and someone's advisor reminded them at the last minute of the importance of balance on the editorial page.
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