TITLE

Chicago TIFs to Fund New Schools

AUTHOR(S)
Shields, Yvette
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/16/2006, Vol. 356 Issue 32404, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of the Chicago government in Illinois to leverage revenues collected in its tax-increment financing districts to build new schools. Chicago would borrow $600 million and an additional $400 million in bonding from the Chicago Public Schools. Proceeds of the borrowing would finance the construction of nine new high schools, 15 elementary schools and three major high school renovations in neighborhoods across the city.
ACCESSION #
21319266

 

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