Pielet v. Hiffman

Presiding Justice Gallagher and Justice Pucinski concurred in the judgment and opinion.

OPINION

This appeal stems from real estate partnerships that were formed nearly two decades ago to develop shopping centers in two suburbs largely financed through tax increment financing (TIE) bonds. This matter was litigated in the chancery division of the circuit court of Cook County for more than eight years and appellants-intervenors’ cause of action was dismissed in two separate orders entered in 2005 and 2009, both times for a lack of standing. On appeal, appellants contend that both counts of their…