A candidate seeking to succeed Ald. Danny Solis in the City Council says Solis’ cooperation with federal investigators means the city should pump the brakes on a public subsidy to support a massive project south of the Loop that’s at the top of Mayor Rahm Emanuel’s to-do list before he leaves office.
Alex Acevedo said the Community Development Commission shouldn’t vote this week to recommend a tax increment financing district worth up to $700 million for the project dubbed The 78 on a 62-acre former rail yard site on the Chicago River between the South Loop and Chinatown.
The land is in Solis’ 25th Ward, and Acevedo said anything Solis touched is tainted in light of reports he secretly recorded conversations with fellow Ald. Edward Burke after federal investigators confronted Solis with evidence of his own alleged misdeeds.
Tuesday, February 5, 2019
Alderman Candidate Believes TIF Vote for The 78 Needs to Slow Down