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Despite concerns that it would create a mayoral “slush fund” akin to tax increment financing, aldermen agreed to revised density bonuses that will let developers in an expanded larger downtown area — about 20 percent bigger, with 800 additional acres — build bigger and taller projects to generate millions to rebuild long-ignored neighborhoods on the city’s South and West sides.

Comment: Yep, it will be a slush fund developers will have to pay for, most of which will be passed along to renters and owners.

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