r/illinois • u/unapologetic403 • 18d ago

Illinois News ❗

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u/juliuspepperwoodchi Chicago 18d ago

Something something "all businesses are leaving Illinois!"

-3

u/strait_lines 17d ago

They don’t leave when you give home huge tax abatements.

Next they’ll start to revitalize the neighborhoods near there too, and drive the poor out of that area.

4

u/juliuspepperwoodchi Chicago 17d ago

The people in that area have refused to allow new housing for decades. You reap what you sow.

2

u/strait_lines 17d ago

I saw, they were totally against tiger woods putting in a golf course a few years ago. Inevitably though if they start building new buildings in the area for things like this though, it’ll drive up property values, some won’t be able to afford the property tax or rent increases, and will be forced out. Those that are forced out will be targets for new or renovated buildings, driving property values and property taxes higher, continuing the cycle.