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Mike's Corner

Posts from June 2013

TIF Workshop Should Prove Illuminating

An ever-increasing number of people, including some elected officials, now criticize Chicago’s way of creating and operating TIFs. Not surprisingly, much of the criticism focuses on an inherent lack of transparency to a Chicago style TIF. Look at a tax bill or search for other public documents that enumerate how and where TIF funds are allocated and you will be hard pressed to find answers. Some analysts suggest that there might be as much as $500 - $600 million in TIF funds sitting unallocated, with no real accountability as to how it will be spent – a bothersome reality in these days with severe budget shortages in nearly all phases of City and County operations.
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Posted by Mike G on June 10, 2013 |

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About the Author

Mike G's photoMike Glasser

Mike has a long term relationship with Rogers Park, having lived here at various times in his life, most recently returning to the neighborhood in August, 2009. While living here as a third year law student, he remembers drunken nights at Biddy Mulligan’s and hosting a couple of memorable parties that he, hypocritically, now forbids his own tenants from having. Years later, after completing his stint as a lawyer, Mike started investing in apartment buildings in Rogers Park (and elsewhere), and soon after, did what many newly divorced real estate investors do: he moved into one of his buildings. In 1992 Mike was one of the founding members of the Rogers Park Builders Group, an organization that he eventually headed for six years, until yielding those reigns three years ago. Around a decade ago, on a whim, he reserved the web site “Rogerspark.com,” which he has been developing ever since, and which co-hosts RP BizArts networking events. Mike is the proud father of three wonderful children, Amy, Mitch and Ella.

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