Planning commissioner gets an earful about Lightfoot’s plan to create second transit TIF to bankroll Red Line South extension

A planned extension of the CTA’s Red Line would add four stations between the current end point of 95th Street and new terminus at 130th. (CTA)

A top mayoral aide got an earful on Friday about Mayor Lori Lightfoot’s controversial plan to create a new transit tax increment financing district to bankroll $950 million of the $3.6 billion cost of extending the CTA’s Red Line from 95^th Street to 130^th.

The TIF district would cover a half mile on either side of the Red Line, from Madison Street to Pershing Road, and use property tax growth over the next 35 years to cover 26% of the 5.6-mile extension and its four new CTA stations.