Sign Our Online Petition to the Mayor: “Empty All the Tifs!” @
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In 2014 7 TIFs in the 42nd Ward extracted $46.5 million in property taxes in 2013 (1 TIF now expired) 3 TIFs all or nearly all in ward extracted $154 million since 2000 Central Loop TIF (1984-2008) extracted $987 million! Total 2014 TIF expenditures from the 7 TIFs = $132 million (not all spent in 42nd Ward) Estimated funds FROM the ward left in these 7 TIF accounts on 1/1/15 = $148 million $842 million spent on non- public projects Department of Planning & Development skimmed $3 million from these 7 TIFs in 2014 $9.2 million transferred into TIFs, $18.8 million transferred out of TIFs http://tinyurl.com/Empty-All-TIFs - [email protected] – www.tifreports.com www.tifreports.com – [email protected] Sign our online petition to the mayor: Watch 20 minute “TIF 101” video @ “Empty All the TIFs!” @ http://tinyurl.com/TIF-101-final http://tinyurl.com/Empty-All-TIFs 42nd Ward TIF Projects [Incomplete list] TIF Project Address Developer Amount Canal Congress USG Corporation Building 550 W. Adams St 550 W. Adams LLC $9,750,000 Canal Congress Office tower 550 W. Jackson St 550 Jackson Associates LLC $7,500,000 Canal Congress Park across street from Old St. Pat's Church 119-125 S. DesPlains Chicago Park District $3,000,000 Canal Congress Pepisco Building 555 W. Monroe St Monroe Clinton LLC $11,000,000 Canal Congress Fitness Formula Club 444 W. Jackson Blvd U.S. Fitness LLC $2,200,000 Central Loop McCormick Building 332 S. Michigan Ave 330 S. Michigan Ave LLC $2,030,000 Central Loop 161 N Clark St Ltd. Partners 161 N Clark Street 161 N. Clark St. Ltd. Partners Central Loop 201 N Wells 201 N Wells Street 201 North Wells Investors L.L.C.; 201 Wells Investors Inc. $7,000,000 Central Loop 75 E Wacker - Mather 75 E Wacker Drive Michigan Wacker Associates LLC $1,500,000 Central Loop ABC - 190 N State 190 N State Street American Broadcasting Co Inc. Central Loop Block 37 - 108 N State Retail 108 N State Street 108 N. State Retail LLC $12,000,000 Central Loop Carbon & Carbide Building 230 N Michigan Ave St. George Hotel L.L.C. & HRH Development LLC $5,000,000 Central Loop CareerBuilder 200 N LaSalle St CareerBuilder LLC $2,900,000 Central Loop Carson Pirie Scott converted to Target 1 S State St One South State Street L.L.C. et al $14,977,400 Central Loop Chicago Symphony 67 E Adams Street Chicago Symphony Orchestra $2,500,000 Central Loop CAN Building 333 S. Wabash Ave CAN Financial Corp $13,680,000 Central Loop Dearborn Center 123 S Dearborn St Dearborn Center LLC $10,000,000 Central Loop Donnelly Building 121 N State St Prime Group $600,000 Central Loop Ethnicgrocer 1 N Dearborn St EthnicGrocer.com Inc. $1,148,255 Central Loop 121 N State St Chicago Transit Authority $42,350,000 Central Loop Lytton Building - 14 E Jackson 14 E Jackson Blvd . $8,000,000 Central Loop Mentor Building 6 E Monroe St Mentor Building L.L.C. $2,500,000 Central Loop Metropolitan Hotel 171 W Randolph St Palmet Venture LLC $17,600,000 Central Loop Mittal Steel 1 S Dearborn St Arcelo Mittal USA $2,000,000 Central Loop Oriental Theater 32 W Randolph St Livent Realty (Chicago) Inc $18,399,077 Central Loop Oxford House 225 N Wabash Ave Chicago Oxford Associates LP $1,608,871 Central Loop Randolph Tower 188 W Randolph St Randolph Tower City Apartments LLC $20,000,000 Central Loop Reliance Building 32 N State St Canal Street Hotel Partners LP $2,500,000 Central Loop Reliance Building - Phase I 32 N State St Baldwin Development Co. $1,720,000 Central Loop Reliance Building - Phase II 32 N State St Baldwin Development Co. $6,668,713 Block 16 Hotel Associates John Buck and CTF Chicago Central Loop Renaissance Chicago Hotel 35 W Wacker Drive Hotel Ltd. Partnership $1,850,000 Central Loop Sears - One North Dearborn 1 N Dearborn St Sears Roebuck And Company $10,500,000 Central Loop Transportation Building 203 N LaSalle St Stein/Warshauer $9,400,000 Chicago Kingsbury E-Port 600 W Chicago Ave Eport 600 L.L.C. $33,243,085 LaSalle Central Chicago Mercantile Exchange 141 W. Jackson St Chicago Mercantile Exchange Inc. $15,000,000 LaSalle Central 105 W. Adams 105 W Adams St Adams Delaware Owner LLC $6,500,000 LaSalle Central JMC Steel HQ 227 W. Monroe JMC Steel $1,120,000 LaSalle Central Lyric Opera Building 20 N Wacker Dr Lyric Opera of Chicago $488,844 LaSalle Central NAVTEQ 100 N Riverside Plaza NAVTEQ Corp. $5,000,000 LaSalle Central Riverside Park 144 N Riverside Plaza L&M Riverbend Venture $29,500,000 LaSalle Central MillerCoors Building 250 S. Wacker Dr MillerCoors LLC $5,775,000 LaSalle Central The Franklin 222 W. Adams St Nico Holdings LLC $2,300,000 LaSalle Central Office tower 200 S. Wacker Dr Ziegler Companies $2,416,000 LaSalle Central United Airlines 233 S. Wacker UAL Corp & United Airlines $25,889,769 LaSalle Central Sears Tower 233 S. Wacker Willis Group Holdings, Inc $3,800,000 Ohio Wabash Medinah Temple 600 N Wabash Ave Medinah Temple Inc. et al $12,700,000 Randolph Wells Randolph Tower 188 W Randolph St Randolph Tower City Apartments Inc $34,000,000 River West ABN AMRO Plaza 540 W Madison St LaSalle Street Capital Inc. $27,037,699 River West Metra Market 117 N Clinton St MetraMarket of Chicago L.L.C. $12,000,000 Central Loop Baird & Warner Baird & Warner $60,000,000 Central Loop State Cite, LLC (Info Tech) State CITE, L.L.C. $16,000,000 Central Loop Trans World Airlines Trans World Airlines, Inc. $25,000,000 Central Loop CTA - Central Loop Project 108 N State Street Block 37 shops/pedway $22,200,000 Central Loop Art Institute - Noble Fool - Ronny Steak 111 S Michigan Ave $1,000,000 Central Loop Goodman Theater 170 N Dearborn Street Chicago Theatre Group $18,800,000 Central Loop Goodman Theater - Amendment 170 N Dearborn Street $75,000,000 Central Loop Woods Theatre 170 N Dearborn Street Miller & Klutznick $5,000,000 Central Loop Chicago Theater 175 N State Street TheatreDreams Chicago, L.L.C $16,068,400 Central Loop Majestic Building 18 W Monroe St Shubert Hotel Associates, LLC $5,564,000 Central Loop Hotel Monaco 225 N Wabash Ave $1,700,000 Central Loop Chicago Oxford Associates LP 225 N Wabash Ave $1,608,000 Central Loop Canal Street Hotel Partners LP 32 N State St Canal Street Hotel Partners LP $2,458,000 Chicago Kingsbury IGA - CPD - Park 0511 - Erie 700 N Larrabee St Chicago Park District $3,000,000 Chicago Kingsbury IGA - CPD - Park 0511 - Erie 1 700 N Larrabee St Chicago Park District $40,000,000 Central Loop Central Loop Improvement Fund City of Chicago $2,771,000 Central Loop Green Roof Improvement Fund City of Chicago $50,000,000 Near South Spertus College new building 610 S. Michigan Ave $3,000,000 Near South Blackstone Hotel 636 S. Michigan Ave Blackstone Hotel Developers LLC $24,000,000 $841,822,113.