The final vote was 37 for, 13 against, with Ald. Osterman making a passionate speech against the passage of a TIF-funded project, and Ald. Cappleman equally passionately rebutting his argument. Interestingly, Ald. Moreno also spoke against the TIF, even though he himself was one of the affirmative votes in the creation of the TIF six years ago this month.
|The City Council vote approving Maryville as a TIF in 2010
|November 2015 rendering of the first proposed new building
We tip our hats to former alderman Helen Shiller for imagining the possibilities and setting the wheels in motion for the creation of the TIF district, and to Alderman James Cappleman for seeing the project through the lengthy vetting process. It's a good legacy for both of them, and they should be proud for many reasons:
- The religious order that owns the property will receive a large sum of money from the sale to continue their good work.
- The Clarendon Park fieldhouse will get desperately needed funding to go toward the overdue repairs to the facility.
- The Low Income Housing Trust Fund will get an infusion of nearly six million dollars, some of which will go toward the housing-first initiative for the chronically homeless people living under Lake Shore Drive.
- New affordable housing will be created in the development.
- A large property that's been off the tax rolls since FDR's presidency will start paying taxes that support city services.
- New businesses and residents will come to Uptown.
We leave you with Etta, who says it best.
Update: This City Council meeting lasted five and a half hours. If you have the intestinal fortitude to wade through the voice-recognition-generated transcript, have at it. (There is no record in the transcript of how aldermen voted, only what was picked up from the main microphones.)