chicagopolicy

  • Redevelopment for Who? How TIF Redistributes Public Funds to the Wealthy

    Redevelopment for Who? How TIF Redistributes Public Funds to the Wealthy

    If you’re standing on any street corner in Chicago, there’s a one in three chance you’re standing in a TIF district. TIF, short for Tax Increment Financing, is a strategy to spur redevelopment in areas that are “blighted”, i.e., an area that has experienced significant economic decline. Typically, these areas…