The Chicago City Council approved the proposal to use property tax revenue generated downtown to help fund the $3.6 billion extension of the CTA’s Red Line from 95th Street to the city’s southern border near 130th Street.
Ald. Pat Dowell cast the lone vote against the proposal. Dowell said Monday it was unfair to the residents of her ward, which includes Bronzeville, to take their property tax revenue and “ship it miles away.”
CTA President Dorval Carter has said extension will benefit the entire city — not just the Far South Side — by allowing people to get to work in the Loop 30 minutes faster while reducing carbon emissions from cars. The city’s use of TIF districts has fueled a perennial argument over whether the districts, which capture all growth in the property tax base in a designated area for 23 years, actually spur redevelopment and eradicate blight or serve to exacerbate growing inequality in Chicago. The proposed TIF to fund the extension of the Red Line would not reduce funding to the Chicago Public Schools.
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