Tell DePaul "NO" TIF money for their 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 public tax dollars for a stadium for DePaul.
TIF drains much needed revenue from public services like education and forces a tax increase to make up for this loss of revenue. Tom Tresser of CivicLab has said that elimination of TIF would yield an 11% tax cut in the city. Since it's first implementation TIF in Chicago has drained $5.5 BILLION from public service revenue forcing other taxing agencies to fill the gap.
Should DePaul, a private institution, receive $55M in public money while our public schools are forced to cut core curriculum and increase class sizes? Mayor Emanuel said on Chicago Tonight on October 10th, 2012 when discussing Wrigley that he wasn't going "use public taxpayers to subsidize private institutions"; exactly what he's allowing by giving this money to DePaul (watch his interview with Carol Marin here http://chicagotonight.wttw.com/2012/10/10/mayor-rahm-emanuel, his comments are at 16:15).
Further, economist and University of Chicago professor Allen Sanderson has said the stadium is not economically viable and may in fact be a 'toe in the door' for a casino in downtown Chicago (http://chicagotonight.wttw.com/2013/05/14/sun-times-depaul-stadium-planned-mccormick-place).
You can always call DePaul's President, Rev. Holtschneider, at (312) 362-8850 and voice your opposition to DePaul using public money for this project. Also, call your Alderman and tell them you oppose this - they've already voted to appropriate the land.
For more information on TIF, visit the CivicLab (http://www.tifreports.com) or the Cook County Clerk's website, http://www.cookcountyclerk.com/tsd/tifs/Pages/default.aspx.