Chicago Teachers Solidarity Campaign Comments on How Hyatt Corporation and Penny Pritzker Directly Benefit from $5.2 Million TIF Property Tax Subsidy

CHICAGO—(ENEWSPF)—August 17, 2012.  On behalf of the Chicago Teachers Solidarity Campaign, I want to set the record straight about how Hyatt corporation and billionaire Penny Pritzker directly benefit from the $5.2 million TIF property tax subsidy for the private development of the Hyatt Place hotel at 53rd Street. Hyatt hotels Communications VP Farley Kern made a number of misleading statements distancing Hyatt from the TIF.