“If you plan cities for cars and traffic, you get cars and traffic. If you plan for people and places, you get people and places.”
Daily Archives: July 15, 2010
OSF planning more development; TIF will help
On “Outside the Horseshoe” this week, WCBU News director Tanya Koonce interviewed Ron Jost, Vice President of Strategic and Facility Planning for OSF St. Francis Medical Center. You can hear a podcast of the show here.
The broadcast focused on the proposed East Village Growth Cell and Tax Increment Financing (TIF) District. OSF has offered to front the money for the required studies to establish a TIF. Koonce asked Jost why OSF would want to do that — what’s in it for them? Jost gave several reasons.
First, he emphasized that OSF itself is a “neighbor” in the East Bluff and Near North Side and, like any neighbor, they would like to see their property value increase and live in a safe, stable, viable neighborhood. He also said that, while the hospital is not-for-profit, there are “certain aspects” of their business that do not qualify for tax exemption, and they do pay about $1.1 million per year in property taxes.
Finally, he explained that OSF is looking at further expansion. Specifically, they’ve acquired the White School and Irving School buildings from District 150, and they’re planning to build a 100,000-200,000 square foot building to house a simulation/conference center for training purposes. They’d like to expand south of Greenleaf Street. Jost also said they would be interested in seeing if there are “other parties” who would be willing to develop and provide housing that could replace OSF’s current dormitory.
That last statement explains why OSF would be especially interested in establishing a TIF. Developers would be unlikely to redevelop this area without tax incentives.
Also on the program was Bobby Gray from the City’s Economic Development Department. He emphasized that the boundaries of the “East Village Growth Cell” represent the study area, and may not be the final boundaries of the TIF.
Opponents of Comcast-NBCU merger speak out at hearing
The Federal Communications Commission held a public hearing in Chicago Tuesday on the Comcast/NBC Universal merger. Free Speech Radio Network has a good overview of the hearing. I particularly liked this comment from Josh Silver of the Free Press:
He says the merger would be yet another giveaway to industry giants at the public expense:
JOSH SILVER: Policymaking at the behest of the largest companies across industries is threatening our economy, our oceans, our security and the very viability of our democracy. Just look at the ongoing recession or the disaster in the Gulf of Mexico for the most recent examples.
It’s telling that this hearing was attended by only one FCC commissioner, Michael Copps. He spoke in opposition to the merger, but industry experts expect the FCC to ultimately approve it, with conditions. Copps was interviewed by the Philadelphia Inquirer and made a good point:
Copps warned that other media companies would seek government approval for their own mergers if Comcast were allowed to move forward with its proposed acquisition of NBC Universal. And that, he said, could lead the nation down a dangerous path of diminished newsrooms and fewer independent voices on television.
“If you let our competitor get big, you have to let us get big” would be the attitude among Comcast’s competitors, Copps said. Control of the Internet could consolidate into the hands of a few big corporations, in a manner similar to control of radio stations across the country, he said.