CHICAGO--A group called "Communities for an Equitable Olympics", known as CEO, says TIF funds are siphoning resources from the public sector to pay for undisclosed projects in neighborhoods. The organization released a statement today saying, in the 15 TIFs between the proposed sites of the Olympic Village and Olympic Stadium and Aquatic Center, there is $190 million in unspecified funds stockpiled.
CEO 2016 wants the City of Chicago to mandate the provisions of the Chicago 2016 Memorandum of Understanding if taxpayers' money is being used in Olympic related events.
CEO 2016 is a coaltion of community and labor organizations. Its mission is to ensure affordable housing and living wage jobs for the 2016 Summer Olympic Games if Chicago is the host city. This is full report from WGN-TV
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