Monday begins with a joint meeting of the City Council’s Finance and Zoning Committees with one item on the agenda–the rezone of the North Branch Industrial Corridor. The item needs approval from both committees because it includes plans for new revenue streams linked to anticipated developments, all of which would be controlled by the Department of Planning and Development.
But the committees may have trouble gathering a quorum. Several aldermen are scheduled to attend a protest outside Navy Pier in the wake of a joint Crain’s and BGA investigation that suggests millions of TIF dollars were ported to the Metropolitan Pier and Exposition Authority (MPEA) to cover the cost of a new hotel. Local Ald. Pat Dowell (3) has already demanded a hearing on the ordinance. City Council passed the ordinance authorizing the transfer of increment dollars from surrounding districts in October 2014.
A protest and press conference organized by community groups and aldermen is scheduled outside Navy Pier on Monday morning at 9:00 a.m. The group will hold “golden hot dogs, signs and banners to symbolize what a $55 million renovation to the Navy Pier food court can get you.” Ald. Carlos Ramirez-Rosa (35), Ald. Susan Sadlowski Garza (10), Ald. Toni Foulkes (16), and members of the group Grassroots Collaborative will attend.