AM Buying land with public dollars – for surface parking lots?
In an urban environment? That makes no sense. That’s the opposite of urban planning. On land on Chicago’s north side, blocks from the lakefront? That’s absurd. The only reasonable way to add parking in our neck of the woods is as an accessory to a development project, parking in front of or behind retail or below condos. In Grant Park and around the City the City is getting out of the parking biz, in Uptown Shiller is jumping in? Using TIF money? That’s an abuse, likely challengeable. A parking lot is the lowest assessment classification in Cook County, same as a vacant lot, 10%. CLASSIFICATION OF REAL PROPERTY Using TIF money to hold properties at the lowest tax base is truly thru the rabbit hole. As far as I know, this has never been done, even in Chicago, it’s so silly on the face of it. dale says: July 10, 2009 9:38 AM Hopeless, I’m guessing if you are a writing instructor, it’s of the ultra modern/creative type, eh? Paragraphs aren’t bad once in a while. 😉 And Would Helen really
