Despite promising not use its condemnation powers to obtain land from the Vulcan Lake/Route 14 Tax Increment Financing district, the Crystal Lake City Council voted Tuesday night to pay Vulcan Materials $120,000 an acre to settle such a suit. $1.8 … Continue reading
Despite promising not use its condemnation powers to obtain land from the Vulcan Lake/Route 14 Tax Increment Financing district, the Crystal Lake City Council voted Tuesday night to pay Vulcan Materials $120,000 an acre to settle such a suit. $1.8 … Continue reading
Contrary to what some children think, money doesn’t grow on trees. If you want to build something, people have to come up with the money. This headline in Tuesday’s Chicago Sun-Times caught my attention. It puts Tax Increment Financing Districts … Continue reading
Contrary to what some children think, money doesn’t grow on trees. If you want to build something, people have to come up with the money. This headline in Tuesday’s Chicago Sun-Times caught my attention. It puts Tax Increment Financing Districts … Continue reading
In the Are They Nuts? category is state officials considering that state taxpayers might buy Wrigley Field. That’s what immediately came to mind when I saw the teaser on the top left of the front page of Thursday’s Chicago Tribune. … Continue reading
In the Are They Nuts? category is state officials considering that state taxpayers might buy Wrigley Field. That’s what immediately came to mind when I saw the teaser on the top left of the front page of Thursday’s Chicago Tribune. … Continue reading
I never cease to marvel how municipalities seek to emulate the way Mayor Richard Daley has raped the tax base with Tax Increment Financing districts. A TIF’s creation allows cities and villages to get all the benefit of growth for … Continue reading
I never cease to marvel how municipalities seek to emulate the way Mayor Richard Daley has raped the tax base with Tax Increment Financing districts. A TIF’s creation allows cities and villages to get all the benefit of growth for … Continue reading
The Northwest Herald is running an article about the Vulcan Lakes Tax Increment Financing district. Although Mayor Aaron Shepley promised there would be no condemnation of property in the Vulcan Lakes TIF district, there was. And eminent domain court action … Continue reading
The Northwest Herald is running an article about the Vulcan Lakes Tax Increment Financing district. Although Mayor Aaron Shepley promised there would be no condemnation of property in the Vulcan Lakes TIF district, there was. And eminent domain court action … Continue reading
A Tax Increment Financing district proposed by West Dundee for the corner south of Spring Hill Mall is moving forward. That’s what Elgin’s Courier News reporter Rebecca O’Halloran wrote about Tuesday. As McHenry County Blog pointed out early in its … Continue reading
A Tax Increment Financing district proposed by West Dundee for the corner south of Spring Hill Mall is moving forward. That’s what Elgin’s Courier News reporter Rebecca O’Halloran wrote about Tuesday. As McHenry County Blog pointed out early in its … Continue reading
The village government of Cary is now officially in the real estate business. It has paid $725,000 to purchase 132 feet of Route 14 and 127 feet on Second Street. The three buildings, two of which are being demolished, bear … Continue reading
The village government of Cary is now officially in the real estate business. It has paid $725,000 to purchase 132 feet of Route 14 and 127 feet on Second Street. The three buildings, two of which are being demolished, bear … Continue reading
The developer paid $17 million for the northwest corner of the intersection of Routes 31 and 72, but he needs a subsidy from District 300 taxpayers to make the “Fashion Corner” work. By anyone’s definition, this is a prime retail … Continue reading
The developer paid $17 million for the northwest corner of the intersection of Routes 31 and 72, but he needs a subsidy from District 300 taxpayers to make the “Fashion Corner” work. By anyone’s definition, this is a prime retail … Continue reading
Just like Crystal Lake, Mt. Prospect is trying to create an entertainment district. Just like Crystal Lake, Mt. Prospect is using condemnation powers it got from authorizing a TIF district. In Mt. Prospect, the village authorities are after a home … Continue reading
Just like Crystal Lake, Mt. Prospect is trying to create an entertainment district. Just like Crystal Lake, Mt. Prospect is using condemnation powers it got from authorizing a TIF district. In Mt. Prospect, the village authorities are after a home … Continue reading
On March 31, 2007, McHenry County Blog has a story entitled, Zoning Race for 500 Employee Chemtool Facility In it, Chemtool Jim Athans said, “We’re not looking for tax breaks, TIF districts, we just need zoning.” He owns land in … Continue reading
On March 31, 2007, McHenry County Blog has a story entitled, Zoning Race for 500 Employee Chemtool Facility In it, Chemtool Jim Athans said, “We’re not looking for tax breaks, TIF districts, we just need zoning.” He owns land in … Continue reading
