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At a public hearing, Uptown residents accused officials of secretly planning to hike the Wilson Yard TIF district's budget, and said they were concerned tax money allocated to the project might ultimately be frittered away.
The City Colleges wants the special tax district so it can pay to tear down the old Kennedy-King Campus. The district has grown, but with little public input, which concerns at least one alderman.
Mayor Daley's critics have argued the TIFs have created a slush fund for developers at the expense of revenues for schools and other local governments. The law mandates Web access to TIF records.
Chicago residents finally got a glimpse of the city's Olympics bid, which organizers say will not cost tax payers a dime. However, it does provide for a contigency plan that uses some public funding.
The city colleges' Board of Trustees voted unanimously to spend up to $102,000 to have the Johnson Research Group draw up plans for a new tax increment financing district.
Proponents of a state-of-the-art college prep school for Austin have their plans pinned to a 30-acre site occupied by a former candy factory. The city, however, approves other plans for the property.
The project will use TIF money to replace the theater's facade and make other improvements to the building, which also houses a Thai restaurant, a Starbucks, and a bank.
The project involves replacing the Village North theater's terra cotta facade, as well as remodeling second-floor offices and landscaping improvements. Some residents say they're in favor of the project.