In response to
"Apparently, Chicago thinks I live in a blighted area. I spent the weekend trying to understand Tax Increment Financing (TIF) districts."
by
ty97
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well, your building may not be blighted, but a certain amount of structures within a region could be blighted, as defined by the state TIF statute.
Posted by
tRuMAN (aka Truman)
May 2 '11, 12:23
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therefore, the local TIF will create a zone for which a portion of taxes could be used to fix the few blighted places.
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Responses:
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