The 'Broken Heart' makes a cameo appearance in this You-Tube video about the 46th ward Alderman - Helen Shiller.
Seems you could take out Alderman Shiller's face and place Alderman Moore in the spot and have the same effect. The guy with the bloody nose - hey, he must have gotten gooned? Instead of talking about the Wilson Yards TIF, you could talk about the Howard TIF or Loyola TIF. It would have the same message, don't you think?
From our friends @ What the Helen Blog.
3 comments:
And the beat goes on. Someone broke into our building friday night and stole bikes and tools. The bikes get sold. the tools, my neighbor's grandfather's with sentimental value, get sold for scrap.
And yes, there's a police report.
peas in a pod
Craig, you are correct. Throw any alderbeast's photo into the TIF video, and it still works. The problem is endemic and epidemic. Look at every D2 campaign finance disclosure where there is a TIF.
It's an orgy of cash craftily hidden behind the well constructed bureaucratic firewalls of city government.
$400 Million a year (and growing) diverted from the tax rolls that fund our schools, parks, hospitals, libraries... And that's without the Bid Daddy of all TIFs - the newly approved downtown LaSalle Street TIF, which alone will suck HALF A BILLION DOLLARS IN TAXES out of the coffers over the next 23 years.
Two problems:
1. Someone has to cover the revenue shortfall, and since the entire city is going to become one giant TIF district, we suppose the bill will be laid at the feet of other non-TIF Cook County taxpayers.
2. The city sells bonds backed by the future TIF revenue - ie we borrow money today based on projected future revenue. But what if the TIF revenue falls short? The real estate market is declining, and valuations may come up short. Mayor Daley doesn't support the 7% property tax cap because the city will go broke if the raging tax increases get capped. That $125,000,000 pile of excrement TIF in Uptown may only be $100,000,000 if the projected incremental taxes don't materialize.
Can you say BK? That doesn't stand for Burger King. It means bankruptcy.
It's no wonder the taxpayers are getting crushed by increases. Da Mare NEEDS them to keep the TIF ship afloat.
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