Students protest against DePaul using TIF money to build arena
July 18, 2013 (CHICAGO) (WLS) -- A coalition of protesters made up of DePaul University students protested today against using tax increment financing, or TIF money, to help build the school a new sports arena.
The group from 'Grassroots Collaborative' delivered 3,000 signatures from Chicago residents to the mayor's office at city hall.
In May, Mayor Rahm Emanuel announced a plan to build a 10,000-seat arena near McCormick Place financed in part by $55 million in tax-increment financing.
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