DEC 13, 2022
CTA President Dorval Carter speaks to alderman Monday. [Erin Hegarty/The Daily Line]
The proposal to create a new tax-increment financing (TIF) district that is expected to fund $959 million of the CTA’s $3.6 billion extension of the Red Line to Chicago’s southern boundary gained nearly unanimous approval from a key City Council committee Monday, teeing the measure up for final council approval Wednesday.
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