And Another TIF
- A city panel on Tuesday approved $96 million in tax-increment financing to help pay for a major shopping center and nearly 1,000 homes on the massive South Works property on the south lakefront.
The unanimous vote by the Community Development Commission marks a major step forward for Chicago-based developer McCaffery Interests Inc., which has been planning a development on the vacant steel mill site for more than five years. The TIF grant would help fund the project’s initial phase on the northwest corner of the 530-acre lakefront site, which sits between 79th Street and the Calumet River.
- Overall, McCaffery and U.S. Steel plan to build 13,575 residential units, 17.5 million square feet of commercial space and a 1,500-slip marina at South Works, a process that could take as many as 45 years to complete and cost more than $4 billion.
Forty-five years? 13,575 residential units? 1,500 boat slips?
Are these people high? Have they even seen the number of board-ups across the city? The market is saturated with houses that won't sell. Retail space is standing empty and has been for years. No one is buying boats and the suburban owners are moving to cheaper slips out of the city. This has "long-term disaster" written all over it.
Are these people high? Have they even seen the number of board-ups across the city? The market is saturated with houses that won't sell. Retail space is standing empty and has been for years. No one is buying boats and the suburban owners are moving to cheaper slips out of the city. This has "long-term disaster" written all over it.
Labels: city politics
posted by SCC at 12:37 AM
88 Comments:
2%, eh Benn?
Yeah, SCC, you heard right. 13,575 residential units.
Where else do you think 135,750 Democratic-voting illegal aliens that will be fleeing Arizona, California and Texas are going to live?
Thought they couldn't build on all that slag
The land out there is contaminated with cancer causing agents. Who would live there? The gangs plant marijuana fields every summer out there. The sewers that were installed on the land provide cover for hidden weapons and the necessary irrigation for the fields.
No problem to fill them up or should I say NO PROBLEMO.
Section 8 palaces await!
Just keep them borders full of holes. All those illegals will be wanting to get out of Arizona a quick as they can and what better place to go to than the land of Shortshanks and Little Luis G.
Here's something I learned about, starting next year, to pay for all that FREE HEALTH CARE that all the non-productive, non-citizens will be getting, all of OUR HEALTH CARE BENEFITS WILL BECOME TAXIBLE INCOME. Thank-you Obama and the Democrats.
OT: Just a reminder SCC of how insignificant your blog is. We were told in roll call a few days ago in 001 that work will begin sometime this summer to shore up all of the cracks in the walls. I'm not sure how they plan to fix the problem since the caulk-filled cracks are literally throughout the structure. Should be interesting and expensive though.
what about the cost to clean up the soil which is probably contaminated--- isn't this a federal supersite for pollution issues.....
I wonder if Ben can sleep at night! He screwed us on the contract because he felt Chicago was not able to afford to pay cops. But as always, the bitch mayor found money !!
How about approving some money to build us a shooting range. Now that the Harvey range is closing in June we have no where to do the carbine and shotgun training. Well I guess that is what the mayor wanted anyway. The city can issue us potato guns.
OT: What is going on with the pension? I received FOP Updates that says daley is pulling shit down in Springfield and breaking his signed agreement with the FOP to work together to find solutions to the pension mess.
What is the real story about this? Any pension board rep care to inform us or FOP officers kindly inform the membership.
This effects our livelihood like nothing before. Forget a one time picket. We ought to be picketing EVERY DAMN DAY about this! We, and FOP ought to be SCREAMING BLOODY FUCKING MURDER about daley's new fuck job for police in Chicago.
What's the truth here?
TIF's downtown just provide money to the reich. This is a TIF that might actually help regenerate a rundown neighborhood.
I believe that was the original theory behind the law.
SCC,
You got one thing wrong. It isn't about boats being sold....The waiting list for boat slips in this city is growing. It is especially long for larger yachts, like 30-50 footers. The harbors are privately managed and very profitable for the city. There is a plan for several harbors to be built for that reason. Daley knows a cash cow when he sees one and wants to milk it!
This crazyman needs to be stopped!
cannot afford to fund the pension though
There was also two Finance Committee meetings and a City Council meeting during the past few days and our contract wasn't voted on. Next City Council meeting is in June.
This is the same scam that the jackassed, so called police fire committee chairman, police hating Alderman Beale the Squeal, and his fake ghetto preaching politico puppetmaster Meeks is tring in pull in Pullman Roseland, which is in Beals ward has the highest foreclosure rate in country ( 60628) and one of the highest crime rates in the city. It's blighted and infested with project expatriates, but he wants to ignore the Michigan avenue business strip and the neighborhoods, and try to build a mixed use residential and commercial strip by the 005th district. Beal and Meeks are gambling on Walmart and other store being stupid enough to invest in that dying neighborhood.
Hey Beale, I wonder whose co-owned security firm has the contract for that project, hm?
Meeks, try to get this post deleted like you do the Scum Times negative postings about you. Go back to the west side and do what you do best.
Now Sandi Jackson and the 7th ward are obviously trying to follow suit.
News flash jackasses-everyone who shops heads out to the south suburbs and Indiana, with lower prices and taxes. Why should we be stupid enough to pour money into your pockets, the mayor's pockets, and if we can avoid it, Crook County as well. Stick to what you know best, which is overbuilding ghetto churches ( the House of Mope) and your skanky strip clubs.
HEY DA OUTFIT BOYZ NEEDS ANOTHER PROJECT TO POUR CONCRETE INTO & CHARGE OUTRAGEOUS COST OVERRUNS. O'HARE EXPANSION IS GONNA DRIES UP SOON,MY FRIENT
According to our FOP reps after the arbitrator screwed us, the city has over 4 BILLION dollars in TIF funds. But the city is broke? How much was in the suitcase Mr. arbitrator? It gets pretty expensive living up there on the North Shore, huh?
I hear Sandy and Jesse Jackson Jr. are rumored to be entrenched in this deal. They stand to make millions.
Can you say "white elephant" legacy of that idiot Mayor Daley!
VOTE Daley out now!
Another reason I can sleep at night not doing a Fucking thing for this city..while collecting a "paycheck"
2% of officers will agree Mr Mayor.
LIFM
I don't really care much if the developer goes broke. The city is not out any money, as there are little or no property taxes being paid on the land now. Best to do something with it.
Right now the real estate market looks pretty bleak, but these things go in cycles, and it's probably about as bad as it will get. By the time these condos come on the market there probably will be a market for them.
There seems to be a misconception about TIF districts. The city does not gain any funds from creating a TIF district. All that happens is that whatever property taxes are generated by the increase in value due to improvements to the site get used to pay for the roads and sewers and such to service the site.
"TIF's downtown just provide money to the reich. This is a TIF that might actually help regenerate a rundown neighborhood.
I believe that was the original theory behind the law."
Did you mean to say reich or rich? Either way you're correct!
Tricky Dick Daley will never be stopped, nor will he go to jail; he's a whore, protected by the big money in town. He's their puppet. They've got a lot invested in him. If he goes they're afraid the city will fall apart, and they might be right. I'm no fan of Daley, but ironically he may actually be the glue that hold this shit together.
As far as TIFs go, you're right about the -theory-, but for more information on the -reality-, see the series that that rag The Reader did on Tricky Dick & the TIF money that he spent like there was no tomorrow.
Earlier this year I began an investigative exercise related to an appx. $250,000 commission that a downtown TIF developer owes my firm.
Same developer was recipient of close to an appx. $8M TIF (as a condition of his 2000 closing) to redevelop an office building into a HUB for technology companies. Developer purchased building for appx. $9M - making his basis appx. $1M for a prime downtown building.
In Summer 2008, same developer flipped the 50% vacant office building to DePaul University for $35M.
Aside from fee owed to my firm --- here's the rub:
1. Per my review of the TIF file - one of the sponsors that helped the developer secure $8M TIF was Ray Chin.
2. Same developer essentially "sandbagged" the development (for seven years) by not performing his obligations under the Redevelopment Agreement (RDA). The RDA is the "teeth" behind any city subsidy or TIF. Namely he left 1/2 the building vacant.
3. Upon further review of the TIF files at City Hall, it became evident that the Law Department, the Mayor's office and Planning & Development were "informed and aware" of developer's non-performance and repeated RDA violations.
4. Pursuant to the TIF files, despite the fact that the Developer had a substantial history of non-compliance with the RDA - the developer required the City to issue a Certificate of Completion in order to close his Summer 2008 deal with DePaul University.
5. What did the city's Law Department do when the developer petitioned for the Certificate of Completion to be issued?
Did the Law Department require that as a condition of issuance of Certificate of Completion that the Developer "escrow" a substantial amount of 2000 TIF to be repaid by 2008 sale proceeds? NOPE.
Did the city require that the technology company concept be assigned to the new buyer? NOPE.
The developer walked away with a sweet payday (as I'm sure his consultants did too) and the city coffers walked away from the closing table with NOTHING.
Lastly, and the following is pure speculation --- I would not be surprised if Rich Daley has been "diverting" the funding of long-term debt obligations (i.e., Police and Fire pensions) to his pet TIF projects.
If this speculation turns out to be the truth (HELLO FORENSIC AUDIT) --- this might be a criminal act of fraud that sits right on the lap of Rich Daley.
This diversion would be utter, criminal fraud. Open the books!
Here's something I learned about, starting next year, to pay for all that FREE HEALTH CARE that all the non-productive, non-citizens will be getting, all of OUR HEALTH CARE BENEFITS WILL BECOME TAXIBLE INCOME. Thank-you Obama and the Democrats.
5/13/2010 01:49:00 AM
-----
Yup, just because it's in a mass emailing from one of your friend's closest 100 friends, it must be true.
The truth is, the amount your employer estimates your insurance to be valued at, will be reported on the W-2, but IS NOT TAXABLE!!!
Do your homework, instead of relying on bullshit mass emails.
Is Guitierez's daughter going to get one of these on the cheap too?
WOW
IM GLAD THE CITY RECOVERED FROM THAT FINANCIAL MESS.
SO SINCE WE HAVE A LAME DUCK FOP PRESIDENT IS HE GOING OUT WITH A BANG!
OR IS HE GETTING READY FOR A NICE JOB WITH THE STATE?
HAVE SOME COJONES (BALLS) MARK AND STIR THE POT UR FOP BOARD HAS EVERYTHING TO LOSE.
building shit is a high priority...hiring police and public safety isnt.welcome to the kingdom...all ye be prepared to sacrifice for the king!
Did the aldermen vote and ratify our contract?
Rumor: King Dick the Two plans on dry docking his dingy, the S.S. J-Fled the Last, at this South Works playland next year.
"Squad let me have lunch at 79th Street and the Calumet River, Yes the vacant lot" 99. thanks
Chicago continues to build houses all over the places, but no one is moving into them. Look at where the Taylor Projects use to be. Houses keep getting built, who's moving into those?
It may take 45 years to fill it, but people will GET PAID right away. Look at Gateway at Howard and Clark, empty storefronts galore. Anchored by a bankrupt health club. But people GOT PAID to build it.
Amid all the highly polluted steel companies and industrial sites in Chicago there will not be any superfund sites per daley edict. Lowers property values, thus no superfund. They just build on top of the slag heaps.
So laugh about section 8 or new immigrants but really, who else could they get to live there?
off topic: why is beat 2211 detailed all day to racine courts(107th racine) and taxpayers of mt greenwood get nothing. with all the burgleries going on in this neighborhood everybody better arm themselves.
Sweet. I got a nice piece of property out there, just off the beach. I suggest you do the same. At least that way, your tax dollars will finally be used to produce profits, that will offset the beating we will all be taking in the years to come.
More diversion of funds!!! How about you clean up the existing west and south sides before you build a new South east side!
I am glad to see the articles written last year regarding the TIF districts being a total fraud and how all the "financial experts" stated that the TIF's amount to nothing more than a private budget for Daley and his crew. over $500 million of tax dollars diverted into TIF's. Well, they gotta come up with that $500,000 to cover the cities expenditures...where would that come from???? more taxes? selling off city assets? larger fines? oh wait!!!! We have between a $400 and $500 million deficit every year for the last how many years????? Hmmmmmmm.....maybe a coincidence? The city has increased its housing through condos and townhomes 10 fold over the last 10 years..which means its revenue has increased 10 fold, yet we are always in a deficit! Give me a fucking break already!
this is just some union labor payback deal.
nobody expects it to work. just some short time union labor jobs for the Olympic support.
OT said.......
OT: What is going on with the pension? I received FOP Updates that says daley is pulling shit down in Springfield and breaking his signed agreement with the FOP to work together to find solutions to the pension mess.
..............Slow down a sec and read the FOP bulletin again. It says that Daley sent his people down to Springfield to have a two tiered pension system started for OTHER city services, not ours. What the FOP is pissed about is that for 2 years now a group of people from all the different city service unions ,including ours, and some "city officials" have been working on ideas to fix the pensions. Without hearing those ideas out the city went ahead and started a 2 tier pension for other unions and basically wasted 2 years of work.
All the unions are against the two tier system. I honestly don't know what the problem is with a two tier system but would like to know why they are against it.
oh yeah is EXACTLY what 004 needs, more people to police. if the 004 guys n gals weren't busy enough and stretched way to thin. trying to police the clowns on 79th, south deering, the manor, slag valley, the triangle AND THEN trying to protect whats left of the few good tax paying CITY WORKERS in hegewisch and the east side. there isn't a day that goes by that the 0433 and 0434 cars are pulled up to the 20 and 10 sector on a regular basis. hell, 0433 is bigger than most districts by it self.
SCC,
You got one thing wrong. It isn't about boats being sold....The waiting list for boat slips in this city is growing. It is especially long for larger yachts, like 30-50 footers. The harbors are privately managed and very profitable for the city. There is a plan for several harbors to be built for that reason. Daley knows a cash cow when he sees one and wants to milk it!
***********************************
Actually, SCC is spot-on. I work in 001 and talk to boat owners all the time. The slips aren't even one third filled yet and the boat owners are pissed at the mayor for all the extra fees and rate hikes over the past several years. I've been told many are docking and/or launching at the Indiana Harbor Yacht Club and Indiana Harbor Boat Club in East Chicago, as it costs much less.
anonymous said......
TIF's downtown just provide money to the reich. This is a TIF that might actually help regenerate a rundown neighborhood.
I believe that was the original theory behind the law.
>>>>>>>>> That is the problem, it was a THEORY that is completely wrong in philosophy. All the TIF funds do is steal the money allocated for something like SCHOOLS and direct it to a project that is "supposed" to help build the community. The problem is all the funding goes to connected people on projects that have huge cost overruns and as time goes by the SCHOOLS or whatever the money was intended for have shortages. then the asshole mayor cries poor, says the SCHOOLS are failing, and uses SCHOOLS as the reason to raise taxes. He is a manipulator and a thief along with the 50 other
P's. O.S. They know they cant say....we are going to raise your taxes to build "xyz" so they steal using their bullshit tif's and the worst part is everyone is too busy running through life with blinders on.
The Arbitrator was either paid off by the city or he is just not very smart and easily fooled by the city. Funny how Daley makes this colossal land deal WAST after he screwed the police and fire. Daley cries broke, but just spends and spends. Shouldn't the city be holding off on clouted construction deals for now? What a said situation we tax payers are in under the dictatorship of Daley.
"Are these people high? Have they even seen the number of board-ups across the city? The market is saturated with houses that won't sell. Retail space is standing empty and has been for years. No one is buying boats and the suburban owners are moving to cheaper slips out of the city. This has "long-term disaster" written all over it."
Unbelievable. If they're going to try to swing this on "pre-construction reservations" on the houses, it'll be a short-term disaster, with unpaid workmen taking their tools and going home, and the artist's-conception "Luxury Units!" signs coming apart in the weather, weeds stuck full of trash, scrap lumber rotting...you know the failed-project drill.
MAYOR DALEY IS CLINICALLY INSANE.
When are they going to arrest Luis Gutierrez for his improper involvement in that Galewood Crossings project, by the way?
Go out to Forest Park and look at the enormous failed, abandoned Roos Building condo conversion project with the "CONDEMNED" signs all over it. It's just west of Ferrara Pan Candy Company, south side of the Eisenhower at Circle.
This is it for the foreseeable future.
INSANE.
Write your aldermen. Tell them to enact an ordinance to be able to use TIF funds to fund our pensions!
O.T.
Seems like JFED is sending his little spies to the AHLE meetings or the bartender is jumping on the wagon after her little embarassment with her condo being a stash house for cocaine and guns.
Most exempts will not touch this organization with a ten foot pole which explains why Bea was the only exempt to attend.
"I would also like to mention a conversation I had with the Superintendent. The Superintendent suggested that I extend an invitation to all exempt members to attend our AHLE meetings. I then e-mailed all of the exempt members inviting them to attend our meeting. I sent them the invite a couple days prior, not giving them much time to schedule in our meeting. However, AHLE would like to personally thank Assistant Superintendent Beatrice Cuello who attended the meeting. Assistant Superintendent Cuello spoke to the members, answered questions and stayed to the end of the meeting interacting with the membership. I will be extending this invitation on a monthly basis to all exempt members."
Robert Lopez
President
Alliance of Hispanic Law Enforcement
Besides the mission statement clearly states - The Alliance of Hispanic Law Enforcement is comprised of any person of Hispanic descent. So why waste your time inviting others Bobby? You don't see NOBLE,PAPA,MAPO or the Emerald Society inviting others (other than there own) to their organizations.
Link: http://ahle2009.org/ALLIANCE/HOME.html
This is the same scam that the jackassed, so called police fire committee chairman, police hating Alderman Beale the Squeal, and his fake ghetto preaching politico puppetmaster Meeks is tring in pull in Pullman Roseland, which is in Beals ward has the highest foreclosure rate in country ( 60628) and one of the highest crime rates in the city. It's blighted and infested with project expatriates, but he wants to ignore the Michigan avenue business strip and the neighborhoods, and try to build a mixed use residential and commercial strip by the 005th district.
------------------------------
It's been a few years since I've been there, but Roseland is a dump. When the high rises were being knocked down, all of a sudden the alligator gardens were being filled up. Back then, I'm guessing 30% were boarded up and unoccupied. Now, I hear all the rowhouses are filled to the max, just how it was in the 70's-90's when that place was hoppin'! But that was the plan, push section 8 into the suburbs and as far east and south away from the city as you can, Out of sight, out of mind.
But these dumb crooked democrats forgot one thing. WHEELS. Every thug uses transportation- el, bus, or hoopty and they like to take it back into 018 and 001.
They built a strip club off doty road. Any 005 coppers can tell me if that strip club is causing problems? Do they serve alcohol?
OT For you information: Any Mount Greenwood Residents who would in interested in setting up a neighborhood watch go to Garfield Ridge Neighborhood Watch meeting on Monday May 17th, at 7:30 pm at Wentworth Park, 5625 S. Mobile, in the basement--also check out their websitehttp://www.garfieldridgenw.com
"I would also like to mention a conversation I had with the Superintendent. The Superintendent suggested that I extend an invitation to all exempt members to attend our AHLE meetings. I then e-mailed all of the exempt members inviting them to attend our meeting. I sent them the invite a couple days prior, not giving them much time to schedule in our meeting. However, AHLE would like to personally thank Assistant Superintendent Beatrice Cuello who attended the meeting. Assistant Superintendent Cuello spoke to the members...
I hope the Lad wasn't dumb enough to utilize the Chicago Police Webmail for these shenanigans.
I honestly don't know what the problem is with a two tier system but would like to know why they are against it.
Well,as I understand it the two tier system involves current employees contributing to a pension fund and new hires that will contribute to a 401K fund.
With new hires not eligible for the pension system, their contributions will not go into the pension system. So no new contributions will go into our pension fund and it will have to rely on what ever funds the money is invested in. And that scares the hell out of me.
Hey Anonymous from 001,
Try talking to management instead the disgruntled boat owners. Fees have been raised for a few years now, just like everywhere else in the city. Some may leave, but they are easily replaced. Most people still prefer being close to the city. The slips may not be filled, but they still paid for the spot and will bring the boats when the weather improves. Look at the harbors in June or July and see if they are 1/3 filled then! And I repeat, there is still a waiting list!!! You and SCC need to do your homework. Call Westrec(management for the harbors) and get the real answers.
http://www.chicagoharbors.info/forms/waiting-lists/new-applicant.pdf
***********************************SCC,
You got one thing wrong. It isn't about boats being sold....The waiting list for boat slips in this city is growing. It is especially long for larger yachts, like 30-50 footers. The harbors are privately managed and very profitable for the city. There is a plan for several harbors to be built for that reason. Daley knows a cash cow when he sees one and wants to milk it!
***********************************
Actually, SCC is spot-on. I work in 001 and talk to boat owners all the time. The slips aren't even one third filled yet and the boat owners are pissed at the mayor for all the extra fees and rate hikes over the past several years. I've been told many are docking and/or launching at the Indiana Harbor Yacht Club and Indiana Harbor Boat Club in East Chicago, as it costs much less.
5/13/2010 01:02:00 PM
>>>The truth is, the amount your employer estimates your insurance to be valued at, will be reported on the W-2, but IS NOT TAXABLE!!!
Do your homework, instead of relying on bullshit mass emails.
5/13/2010 09:39:00 AM<<<
Our Health Car Insurnce IS Going To Be Taxed, and there are going to be a lot of other NEW TAXES ARE going into effect after the next elections.
The middle class is going to be squeezed dry.
I hope they keep Pickle Park over on 90th st.
While everyone is ranting about nonsense. Does anyone know if the City Council approved the contract on May 12th? Remember that we don't get a raise or a retro until they do so. Which means that if they didn't approve it the city will wait in extra month until the June city council meeting and then they have 120 days from that point. Then that means they'll have until the middle of October to give us our checks. Just in time for Christmas. LOL!
"this is just some union labor payback deal.
"nobody expects it to work. just some short time union labor jobs for the Olympic support."
--5/13/2010 11:49:00 AM
Aw, jeez, he's RIGHT.
Forty-five years of "unfettered," unending graft, a project that never quite reaches "Phase II" but provides plenty of cement mixers for guys to stand around drinking coffee...forever, just like at the enormous cavity where once the World Trade Center stood, and where to this day still nothing stands after billions of dollars of expenditure and dozens of brave ceremonies. (The last I heard, the new man in charge of this vast, complicated project has a doctorate in divinity from Harvard.)
It's intended as Rich and Maggie's final bequest of misery; a cast-iron albatross hung around our necks to weigh us down through all our days, a legacy of hatred and contempt for all of the common people who wait for buses and save pennies in a jar -- the Payback From Hell for the shame of the aborted Olympics, with which they shall torment us from their graves.
You're worried about four-inch cracks in the cheap floor at the expensive new police station? Here -- here is a giant black hole for taxpayers' money that yawns a half-century wide and will cost us one hundred, one thousand times as much as any Summer Games. How the lawyers will frolic!
It's Brasilia-By-The-Lake...
Anonymous said...
Is Guitierez's daughter going to get one of these on the cheap too?
5/13/2010 09:41:00 AM
One?
Capt. Barnass is soon to arrive in the 025, boys and girls you don't know what you are in for!! CHEAP CHEAP CHEAP
I do like the windmills.
Check out the FOP web site, Current Updates section for May 12th.
The dwarf is at it again. Two-tier pension.
Anonymous Anonymous said...
TIF's downtown just provide money to the reich. This is a TIF that might actually help regenerate a rundown neighborhood.
I believe that was the original theory behind the law.
5/13/2010 07:22:00 AM
Dude, if you believe it will come off as planned I have some land on the border in Arizona for sale.
Wow.
This idea is almost as good as the XFL.
Almost.
I CAN NOT WAIT TO MOVE OUT OF THIS SHITHOLE!!!!!!!
"The truth is, the amount your employer estimates your insurance to be valued at, will be reported on the W-2, but IS NOT TAXABLE!!!"
...yet...
Why would else would they itemize this information?
Something evil is in the distance.
"I work in 001 and talk to boat owners all the time. The slips aren't even one third filled yet and the boat owners are pissed at the mayor for all the extra fees and rate hikes over the past several years. I've been told many are docking and/or launching at the Indiana Harbor Yacht Club and Indiana Harbor Boat Club in East Chicago, as it costs much less."
Hear that, Ald's Beale and Jackson?
Daley? Stroger?
They're spending their money in Indiana which is what I'M gonna do on payday.
This is why your respective east side projects will fail.
"...But that was the plan, push section 8 into the suburbs and as far east and south away from the city as you can, Out of sight, out of mind....
But these dumb crooked democrats forgot one thing. WHEELS. Every thug uses transportation- el, bus, or hoopty and they like to take it back into 018 and 001.
They built a strip club off doty road. Any 005 coppers can tell me if that strip club is causing problems? Do they serve alcohol?"
Outside of a shooting of a robbery offender,multiple protests, and DUI's, no problems what so ever...
Right Beale and Meeks?
There seems to be a misconception about TIF districts. The city does not gain any funds from creating a TIF district. All that happens is that whatever property taxes are generated by the increase in value due to improvements to the site get used to pay for the roads and sewers and such to service the site.
5/13/2010 09:35:00 AM
That's interesting. I live in a TIF district and I can't understand why the city has let the major road next to my home deteriorate. Wish they would use some of those funds. My taxes are crazy. Don't feel I'm getting my moneys worth. A lot of citizens must feel this way.
SCC, What with all the hue and cry about boycotting Arizona, what about a thread with ideas on what we can do to SUPPORT Arizona?
My vacation dollars are going there this year, instead of the trip I'd planned to take (God knows what I'm going to do there, but I'm about to find out).
It just looks like Arizona's going to need a lot of support from the 'silent majority', and SOON.
The area mentioned has been filled with "New earth" compliments of the Sanitary District.
Are the accounts open?
By whom, when, how much???
My vacation dollars are going there this year, instead of the trip I'd planned to take (God knows what I'm going to do there, but I'm about to find out).
Plenty to do in AZ. We go every spring,have a cousin who is a Trooper, and many family members there.
Grand Canyon,Flagstaff(You could be in Phoenix,in 90 degree heat, and about a 2 Hour drive to Flagstaff,you could be in snow), Sedona,various mountains,Lake Havasue,White Tank Mountain hiking and bike trails, Luke AFB,Canyon Lake, Ghost Towns,Golf. Stay in or near Scottsdale,Peoria area, north of Phoenix proper. Plenty to do there. Check a few websites.Enjoy.
SCC-As I suggested on DSLC..open up a thread or side bar for coppers looking for good places to go to while on furlough. I'll listen to a coppers take on somewhere, over some nice shiny brochure.
Just cleaning up that urban industrial blight zone will cost billions of dollars. Most of the facility seemed like a ghost town when I worked there about 23 years ago. The rusted vestiges of the industrial age will take an enormous amount of money to remove.
The truth is, the amount your employer estimates your insurance to be valued at, will be reported on the W-2, but IS NOT TAXABLE!!!"
...yet...
Why would else would they itemize this information?
Something evil is in the distance.
5/13/2010 09:41:00 PM
=====
It may or may not be 'in the distance', but these virulent, fear-mongering, mass emails spreading lies have really gotten out of control. Don't be sheeple; do your own due diligence.
If the poster had said the stuff is being reported on W-2s and may be the portent of future taxation, that's one thing, but the poster said it will be TAXED NEXT YEAR and that's a lie.
You want to be taken seriously, you check your facts.
My vacation dollars are going there this year, instead of the trip I'd planned to take (God knows what I'm going to do there, but I'm about to find out).
---------------------------
Grand Canyon
Anonymous said......
There seems to be a misconception about TIF districts. The city does not gain any funds from creating a TIF district. All that happens is that whatever property taxes are generated by the increase in value due to improvements to the site get used to pay for the roads and sewers and such to service the site.
>>>>>>>> You my friend are a clueless jackass and are part of the reason the same assholes are elected again and again. Get a clue and have a friend with half of a brain explain to you with pictures why TIF's secretly steal money.
Yup and then they can give pooky a new cell and a new boat.
5/13/2010 07:22:00 AM
Dude, if you believe it will come off as planned I have some land on the border in Arizona for sale.
5/13/2010 09:24:00 PM
I've been reading and hearing about the armed gangs, even Mexican military coming across our borders. This almost sounds like you could open a hunting range on such land. Remember what Hemmingway said about the hunting of armed men.
Stay safe, and read the non-fiction book by Joseph Wambaugh, "Lines and Shadows."
>>>Anonymous said...
I honestly don't know what the problem is with a two tier system but would like to know why they are against it.<<<
Aldermen....you first!
"There seems to be a misconception about TIF districts. The city does not gain any funds from creating a TIF district. All that happens is that whatever property taxes are generated by the increase in value due to improvements to the site get used to pay for the roads and sewers and such to service the site.
5/13/2010 09:35:00 AM"
the 'increase in value' isn't due to 'improvements to the site', they're due to the arbitrary jacking up of the so-called 'fair market value' assessments of taxable real property.
this rise in assessed value, upon which our individual real property taxes are determined, has been, as intended, continuous and unrelated to actual improvements of any kind.
the theory of tifs seems to make sense, the application of tifs, not so much.
and to say that 'The city does not gain any funds from creating a TIF district.' is, on it's face, a lie.
but thanks for repeating the lie.
look who donated to Jesse and Cheryl Jackson last year;
http://www.campaignmoney.com/finance.asp?type=io&cycle=10&criteria=mccaffery+interests
It'll be a "special enclave" for Police and their families...
Chock full of cancer causing shit so that you'll only live a very short time after retirement. (In addition to all the other horrible shit we're exposed to anyway) so they can just pay the old lady that pittance of a widow's pension while Crime King Shorty, the alderfools and the current crop of feeb exempts just point and laugh about how they so blatantly stole from coppers and got away with it.
Enjoy that "fat, sweet pension and early retirement" that the shit-talkers are howling, gnashing their teeth and cutting themselves about.
Another TIF...
This boondoggle will end up being all our fault too from the way shit has been twisted.
I guess just because we lost out on the Olympics doesn't mean the development plans died.
Anonymous said...
Thought they couldn't build on all that slag
5/13/2010 01:03:00 AM
CHICAGO...is and always was built on swampland.
I am just waiting for the day when the earth open up an sucks City Hall into a Giant Sinkhole of Hell.
Anonymous said...
>>>Anonymous said...
I honestly don't know what the problem is with a two tier system but would like to know why they are against it.<<<
If you come on the job in 2009 and the two-tier system is implemented in 2010, and you retire in 2039, there's nobody paying into the pension (after your retirement) to fund your retirement. Once your dollars (and whatever income they generated) are gone, you're out of luck. That's what's wrong with a two-tier system.
...If the poster had said the stuff is being reported on W-2s and may be the portent of future taxation, that's one thing, but the poster said it will be TAXED NEXT YEAR and that's a lie.
You want to be taken seriously, you check your facts.
5/14/2010 12:39:00 AM...
However they do it our taxes will skyrocket to provide "free healthcare" to the non-productive masses. It has been said many time on serious new programs that "premium health plans" that the rich (that's the working stiffs like us) will be taxed as income. I haven't read the whole Obamacare Plan, but I doubt that ANYBODY, including you have read it.
"While everyone is ranting about nonsense. Does anyone know if the City Council approved the contract on May 12th? Remember that we don't get a raise or a retro until they do so. Which means that if they didn't approve it the city will wait in extra month until the June city council meeting and then they have 120 days from that point. Then that means they'll have until the middle of October to give us our checks. Just in time for Christmas. LOL!"
No. Thanks for the big explanation though.
"Are these people high? Have they even seen the number of board-ups across the city? "
Across the City??? Just look BLOCKS away from where this is going to be built! Talk about a wast of money! That whole neighborhood turned to shit the day the mills closed.
"I haven't read the whole Obamacare Plan, but I doubt that ANYBODY, including you have read it."
Including the members of congress that voted for it.
VOTE 'EM OUT IN 2011!
"...If the poster had said the stuff is being reported on W-2s and may be the portent of future taxation, that's one thing, but the poster said it will be TAXED NEXT YEAR and that's a lie.
You want to be taken seriously, you check your facts."
No good can come from this. You're ignoring the obvious end result by your hair-splitting.
.... TWENTY and OUT said...
anonymous said......
TIF's downtown just provide money to the reich. This is a TIF that might actually help regenerate a rundown neighborhood.
I believe that was the original theory behind the law....
The original theory is so Shorty can steal, hide and divert money to his pals, always was and alway wull be til death do we part.
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