Friday, October 30, 2009

TIF Money Squandered by Loyola University

Talk about being bamboozled by poor oversight.
Purchased in part with TIF grants from Rogers Park taxpayers, both the Crown Center gallery and the new Mundelein building are meant to be used, in part, as a community resource — community members attend plays and exhibits, and both buildings serve as a source of art appreciation for Rogers Park. With no Crown Center Gallery and Mundelein’s renovation hanging precariously in limbo, there are virtually no community resources to speak of. Rogers Park residents have paid for a student cafĂ© in a tax-exempt building on Loyola’s private property. Source/read more.
Gee, wasted TIF money. Anyone shocked?

RELATED:
$2 Million TIF Hand-out Meeting Tonight (Updated)
It Was the Loyola TIF All Along
Fran Tobin Battles Loyola TIF

2 comments:

Unknown said...

Well, I dont approve of them shutting the art gallery.

They should put the art gallery in the first floor of the morgan.

It could be there atleast temporarily, I doubt the retail will fill up for awhile.

Kill 2 birds with one stone.

Empty retail looks bad and
not having an art gallery looks bad.

The North Coast said...

I don't approve of them getting the TIF funding. TIF funds are supposed to be invested in things that will enhance the tax base.

But, of course, we all know that TIF districts are just another form of corporate welfare, and like all welfare, make the recipients into parasites and produce waste and misinvestment.

Look at the 4+1 at 6628 N Sheridan that is supposed to be rehabbed with TIF assistance from the Loyola TIF. They started on the place 2 years ago and it is still a half occupied dump with a tacky FOR RENT sign on it. The parkway in front is ragged and weedy, and the building looks like it hasn't been touched.

We citizens have many, many political battles to fight to reclaim our city from the corporate and institutional parasites who are sucking us dry. But it would be worth while to start filing lawsuits against TIF districts, as one citizen of Belleville (downstate, across from St. Louis, just east of E. St. Louis) has done. Better, fight to get the 1952 legislation that makes these TIF mega-heists of tax money possible.

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