#UrbanDevelopment
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Redevelopment for Who? How TIF Redistributes Public Funds to the Wealthy
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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…
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Community Anchors: How Can Arts & Culture Improve Neighborhoods?
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As many American cities try to determine the most effective mechanisms to revitalize their struggling neighborhoods, the concept of arts-led community development has become increasingly popular. Innovative efforts in this domain, such as the University of Chicago’s newly established Place Lab, focus on community redevelopment strategies that stem from urban-based…