Say "NO" to DePaul using public money for a private stadium
- Please join DePaul students on Thursday, October 3rd from 6:30-7:30 at 2320 N. Kenmore Ave., Room 161 for a viewing of the 30-minute documentary "50: A Tale of CLOSED Skoolz & Big Money" by DePaul student Danny Morlock, followed by a discussion about how community members, students and faculty can get involved in taking action against the use of $55M in TIF dollars for a stadium for DePaul.
Here is a link to the event on Facebook: https://www.facebook.com/events/509447042476039/?notif_t=plan_edited
I've heard is said that if Chicago eliminated TIF entirely we'd all see an 11% tax cut. TIF drains much needed revenue from public services, such as education, while increasing taxes everywhere else to make up for the loss of revenue these services experience. 33% of the city of Chicago is in a TIF district, including much of downtown.
At a time when we're cutting core curriculum from classrooms and increasing class sizes, should DePaul get $55M for a stadium most people agree won't make any money? At least one professor says the economics are dubious at best and may represent an attempt to open a casino in downtown Chicago: http://chicagotonight.wttw.com/2013/05/14/sun-times-depaul-stadium-planned-mccormick-place.
For more on TIF visit http://www.tifreports.com and http://www.cookcountyclerk.com/tsd/tifs/Pages/default.aspx.