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Following the money on Chicago’s tax-increment financing program
A program designed to help Chicago’s most-blighted neighborhoods did little to help the West Side neighborhood of Austin, according to an investigation by the online site AustinTalks. Just one project has been completed since 2000, although unemployment in the neighborhood
is among the highest citywide and the area is home to more people than any other Chicago community.
“A searchable map partner site ChicagoTalks published earlier this year shows more than half of the nearly 200 private-sector TIF projects approved citywide between Jan. 1, 2000, and July 30, 2010, are clustered in or near the Loop.”