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Wading into uncharted legal waters, two groups Wednesday sued the city of Chicago to block the tax increment financing district set to generate $900 million to subsidize the massive Lincoln Yards development, saying it will exacerbate the economic and racial segregation plaguing the city.
Grassroots Chicago Executive Director Amisha Patel said the City Council’s creation of the new The Cortland and Chicago River TIF is an “egregious” example of abuse. [Heather Cherone/The Daily Line]
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