Author:
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ISBN:
Category : Legal briefs
Languages : en
Pages : 48
Book Description
City of Chicago V. Prologis
Author:
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 48
Book Description
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 48
Book Description
City of Chicago V. Prologis
Author:
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ISBN:
Category : Legal briefs
Languages : en
Pages : 542
Book Description
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 542
Book Description
How to Undermine Tax Increment Financing
Author: Richard Allen Epstein
Publisher:
ISBN:
Category : City planning and redevelopment law
Languages : en
Pages : 24
Book Description
This article examines the level of appropriate level of constitutional protection against outside governments that condemn property located within a given local municipality that use tax increment financing to fund local improvements The standard TIF arrangement does not provide the TIF lenders with liens against any particular asset, because to do so would be to abandon the tax exempt status of the municipal bonds that are issued. Yet these agreements guarantee that the local government that issued the bonds will take no steps to compromise their repayment from (incremental) tax dollars. These protections allow TIF bonds to trade in ordinary financial markets. The bonds may, however, prove vulnerable to loss when the private and public property within the local municipal district are condemned by an outside governments, as happened in Chicago v. Prologis, now before the Illinois Supreme Court. I believe that these TIF bonds should in general be counted as property under the takings clause and not be treated as a mere 'expectation' devoid of constitutional protection. This topic opens the way for a larger consideration of how to value divided interests in real property under the takings clause as a matter of modern finance theory in light of the powerful public choice issues at stake.
Publisher:
ISBN:
Category : City planning and redevelopment law
Languages : en
Pages : 24
Book Description
This article examines the level of appropriate level of constitutional protection against outside governments that condemn property located within a given local municipality that use tax increment financing to fund local improvements The standard TIF arrangement does not provide the TIF lenders with liens against any particular asset, because to do so would be to abandon the tax exempt status of the municipal bonds that are issued. Yet these agreements guarantee that the local government that issued the bonds will take no steps to compromise their repayment from (incremental) tax dollars. These protections allow TIF bonds to trade in ordinary financial markets. The bonds may, however, prove vulnerable to loss when the private and public property within the local municipal district are condemned by an outside governments, as happened in Chicago v. Prologis, now before the Illinois Supreme Court. I believe that these TIF bonds should in general be counted as property under the takings clause and not be treated as a mere 'expectation' devoid of constitutional protection. This topic opens the way for a larger consideration of how to value divided interests in real property under the takings clause as a matter of modern finance theory in light of the powerful public choice issues at stake.
Hampton V. Metropolitan Water Reclamation District of Greater Chicago
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Category : Legal briefs
Languages : en
Pages : 82
Book Description
Publisher:
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Category : Legal briefs
Languages : en
Pages : 82
Book Description
City of Chicago V. Roman
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Category : Legal briefs
Languages : en
Pages : 18
Book Description
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 18
Book Description
City of Chicago V. Matchmaker Real Estate Sales Center, Inc
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Category :
Languages : en
Pages : 70
Book Description
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ISBN:
Category :
Languages : en
Pages : 70
Book Description
City of Chicago V. StubHub, Inc
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Category : Legal briefs
Languages : en
Pages : 18
Book Description
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 18
Book Description
City of Chicago V. Pooh Bah Enterprises, Inc
Author:
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Category : Legal briefs
Languages : en
Pages : 68
Book Description
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 68
Book Description
City of Chicago V. Phillips
Author:
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Category : Legal briefs
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Legal briefs
Languages : en
Pages : 24
Book Description
Prus V. City of Chicago
Author:
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ISBN:
Category :
Languages : en
Pages : 42
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
Book Description