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| Rahm's Choose Chicago pals applaud the latest great TIF swidle. |
I continue to learn from Professor Joravsky about TIF, the Mayor's own taxpayer supported slush fund. Today,
the prof schools us on what might be Rahm's greatest-of-all scams, the DePaul Arena TIF swindle, by which he takes millions in taxpayer dollars that should go to Chicago Public Schools and funnels them to his rich pals and corporations. In the latest case, that means spending $55 million of your property tax dollars to build a hotel and basketball arena for DePaul, on the near-south side. This at the same time he's about to close more than 50 neighborhood schools, primarily in the city's most under-served black communities, because the city is too broke to operate them.
Writes Joravsky:
And what do you, the taxpayers, get for this $55 million? You get a hotel that you'll probably never stay in. And an arena for DePaul basketball games that you'll probably never attend. Because let's
