Shining a light on the "shadow budget": Chicago Reader talks about TIF

Hedrich Blessing photo of Emerald, 123 S Green St, Chicago In this week’s Chicago Reader, Mick Dumke and Ben Joravsky try to unravel the mysteries of the city’s TIF funds. Dumke and Sam Adams posted a companion piece on the Reader blog yesterday about where TIF dollars do and don’t go — among the examples given is the $2.5 million spent to demolish a homeless shelter and make way for the Emerald condos, many of which remain unsold.

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