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TIFs Tue Jul 21 2009
Fix Wilson Yards Group Ready for New Suit
Chitown Daily News is reporting that the Fix Wilson Yard community group, which organized itself around resistance to the massive development that has been in the works and under construction for years now, is ready to file another lawsuit against the city and the developer:
Judge Mary Rochford on Friday granted a request by residents group Fix Wilson Yard to file a new lawsuit against the City of Chicago and Holsten Real Estate, the developer of the project that will feature a Target store, office space and housing for low-income families and seniors.
"We're trying to accomplish the same thing we've been trying to accomplish since the beginning, which is to stop the wasting of taxpayer dollars," says Thomas Ramsdell, Fix Wilson Yard's attorney. "My clients are as motivated as ever."
Ramsdell said Fix Wilson Yard will file the lawsuit next Friday.
The original lawsuit filed by Fix Wilson Yard in December 2008 accused the city of wrongfully establishing a tax increment financing district to fund the project. TIFs allow taxpayer dollars to be used to develop blighted areas. The group also accused the city of violating the state Open Meetings Act, among other allegations.
