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by Ellyn Fortino
10:52am
Thu Aug 21, 2014

CivicLab To Emanuel: 'Come Clean' About $1.7 Billion In Unspent TIF Funds

Volunteers with Chicago's CivicLab want a full accounting of the more than $1.7 billion that was sitting in the city’s collective tax increment financing (TIF) district bank accounts at the end of 2013.

Tom Tresser, co-founder of the CivicLab and leader of its volunteer-based TIF Illumination Project, said the group plans to file a Freedom of Information Act (FOIA) request with the city within the week to "demand the mayor to come clean" about how those unspent funds will be used. Tresser said the group is prepared to take legal action if the city denies the FOIA request.

"We asked for (similar information) last year, and they told us to go take a leap," Tresser said at a TIF discussion Wednesday evening at the CivicLab, 114 N. Aberdeen St. "This time, we're going to sue if we don't get it."