Des Plaines TIF Rejected – But Not Really
The Des Plaines TIF referendum was rejected by voters 7,531 to 2,235. [Update: With 56 of 59 precincts counted, it's now 10,792 (78%) against the TIF with only 3,083 (22%) supporting it.] Not that it matters. The Des Plaines City Council had already voted to create the TIF district the day before the election. Mayor Tony Arredia was able to keep opponents of the TIF out of … [Read more...] about Des Plaines TIF Rejected – But Not Really
Stock Market Reacts!
According to an AP wire piece by Tim Paradis titled "Dow reaches new high on election results", Wall Street rose for a third straight session Wednesday, with the Dow Jones industrials reaching another record close as investors grew more confident that a huge victory by Democrats in congressional elections would result in gridlock and keep lawmakers out of the way of business … [Read more...] about Stock Market Reacts!
Stock Market Reacts!
According to an AP wire piece by Tim Paradis titled "Stocks fall on midterm election results", Wall Street retreated Wednesday after Democrats scored a huge victory in congressional elections, raising questions about how sympathetic the federal government will be toward business. There are three problems with this observation. First, by "Wall Street," he means the Dow Jones … [Read more...] about Stock Market Reacts!
Meet the Five Corners TIF
Yesterday was election day, and many people were wondering if the Republicans would be able to keep the Senate. In Des Plaines, Illinois, however, a bunch of people were wondering if they'd be able to keep their property. The city has a referendum on the ballot for the Rand/River Five Corners TIF district that could result in a lot of buildings being taken by eminent domain. … [Read more...] about Meet the Five Corners TIF