Planning commissioner gets an earful about Lightfoot’s plan to create second transit TIF to bankroll Red Line South extension

Mayor Lori Lightfoot is pushing for a final City Council vote on her financing plan before Dec. 31 to meet the requirement for federal matching funds. But it could be a rough ride, judging from the earful Planning and Development Commissioner Maurice Cox got aboutthe project while testifying at at...

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merferd314
merferd314
91 · a month ago · Reddit

I don't understand why they are doing all of this TIF nonsense when there is so much federal and state money available from the bipartisan infrastructure bill and state capital plan. IDOT literally cannot spend money fast enough right now to keep up. We have the money to fund this outright, a TIF may have been required 5 years ago but it isn't anymore

esociety1
esociety1
41 · a month ago · Reddit

One point that I don’t hear talked about is how little density there currently is around the red line stops in the south side. I don’t think it makes economic sense to expand the red line further south if there are still a ton of vacant plots of land around the current stops.

Also another thing to note that wasn’t in the article is that if you extend the line, you have to increase the number of trains on the line to keep service between trains at the same pace for the rest of the stops. So either fixed operational costs go up or time between trains go up.

LoriLeadfoot
LoriLeadfoot
40 · a month ago · Reddit

Build it, I say. Because if we don’t, we just have to hope the next mayor does. And then the next, and then the next, and then one day our descendants will talk about the times when Chicagoans could ride trains to work, before the tracks were all converted to little walking trails.

Mwlic
Mwlic
23 · a month ago · Reddit

I thought that extension was already paid for years ago. But I’m frequently wrong.