• Flyer for 11th Ward Tax Tricks session 12/4/14

    11th Ward Tax Tricks Written Up In DNAChicago

    Casey Cora in today’s DNAChicago spotlights the 11th Ward Tax Tricks event we are sponsoring Thursday along with 11th Ward Neighbors.  Casey writes:

    “Hosted by The Civic Lab co-founder Tom Tresser, the ongoing, citywide seminars are for residents looking to learn how money is being collected and spent under the oft-misunderstood economic development tool of TIFs.

    “Here’s how it works: When an area is declared a TIF district — by law it’s supposed to be in a “blighted” area — the county sets a “base value” by totaling the property values within the district.”

    “Then, the amount of property tax money public agencies like schools and parks can take from that area is calculated using that base value for 23 years. Any additional property tax money generated from an increase in property values within the TIF district is instead sent to the TIF fund overseen by the city.”

    […]

    “The event is sponsored by Friends of Maureen Sullivan, the political group backing the candidacy of 11th Ward aldermanic candidate Maureen Sullivan.

    “In a statement, Sullivan criticized TIF misuse and what she’s labeled the 11th Ward’s “old-boy leadership,” citing her decade-long crusade to renovate the long-shuttered Ramova Theater, which is owned by the city.”

    “The city in 2012 spent $330,000 shoring up the building but hasn’t secured a developer to renovate it.”

    About That Shoring-Up Of The Ramova

    City ownership of the Ramova has been a major topic of Maureen’s community work since she created and led Save The Ramova in 2005. It was Maureen who called attention to the specific architectural damages to the building and it was her work that forced the appropriation of  remediation funds. Before her pressure, the city had let the property deteriorate.

    “It’s just one chapter in a ten-year long story of fighting for that theater,” Sullivan said. “But it’s an important one.”