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Old Posted Jul 12, 2006, 7:25 PM
Chicago3rd Chicago3rd is offline
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Join Date: Jan 2003
Location: Cranston, Rhode Island
Posts: 8,680
I disagree. The core in Chicago is big enough and has TIFFs. Get the private sector too addicted to TIFFs then there will be NO incentive for them to continually reinvest into their properties. The land lords made money....pocketed it.....and the building got run down. Office tenants are moving into the newer buildings. The exact reason some of us see continued growth of Class A buildings. There is a market for them. Just think if all the landlords along LaSalle would have invested in their own property then there might not be such a thirst for class A buildings.

Would rather have a TIFF on to build a west El Loop down Clinton between Lake and Harris. Reward the land owners who invested in their properties and created the new west side.

And in no way should we subsidize bad business decisions.
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