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City Council OKs mass transit TIF to help bankroll Red Line South extension

Por: Chicago Sun Times Politics December 15, 2022

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Former Mayor Richard J. Daley talked about extending the Red Line South to 130th Street. Mayor Lori Lightfoot can now say she helped deliver the $3.6 billion extension that will finally provide mass transit service to the only part of Chicago without it. With only one dissenting vote on five companion ordinances, the City Council made it happen Wednesday, creating a new transit tax increment financing district to bankroll $959 million — 26%... + full article



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