GO, WE'D LIKE TO COMMEMORATE A BIG ANNIVERSARY FOR THIS PROGRAM 40 YEARS AGO TONIGHT, JOHN CALLAWAY WENT ON THE AIR WITH THE VERY FIRST EDITION OF CHICAGO TONIGHT, RATHER THAN TALK ABOUT IT, TO GO BACK AND SEE HOW IT ALL BEGAN ON APRIL 24TH 1984.

>> YESTERDAY MAYOR HAROLD WASHINGTON UNVEILED STAGE ONE OF HIS ECONOMIC DEVELOPMENT PLAN FOR CHICAGO TO GET FOCUSED ON THE REVITALIZATION OF THE NEIGHBORHOODS AND PROMISED TO CREATE OR SAVE 10,000 JOBS.

WILL THE PLAN DELIVER WHAT IT PROMISES?

THAT STORY ON CHICAGO TONIGHT WITH JOHN CALLAWAY.

EVENING ON CHICAGO TONIGHT, MAYOR HAROLD WASHINGTON EXPLAINS ECONOMIC PLAN FOR CHICAGO AND HE ANSWERS YOUR TELEPHONE CALLS AT 5, 9, 1, 7, 2, 5 AND KNOW YOUR HOST JOHN EVENING.

AND WELCOME TO THIS FIRST BROADCAST OF CHICAGO TONIGHT IN MERA, WASHINGTON.

THANK YOU VERY MUCH FOR BEING OUR FIRST GUEST.

>> ON THIS BROADCAST AS YOU YOU GO BEFORE THE CITY COUNCIL TOMORROW AND YOU WILL UNVEIL SERIES OF ORDINANCES WHICH DEAL WITH THE NORTH LOOP DEVELOPMENT.

WHAT'S IN THAT PACKAGE?

>> IT'S A VERY INGENIOUS FINANCIAL DEVICE CALLED TAX INCREMENT FINANCING, WHICH SIMPLY MEANS YOU TAKE THE TAXES YOU WOULD HAVE COLLECTED IN COURT AND BACK INTO.

THE PROPERTY.

HELP THEM ANSWER PROVIDE THAT COULD BE CAPITAL AS SOMEONE INGENIOUS OPERATION.

IT HAS GOTTEN THE NORTH LOOP PROGRAM OUT OF MOTHBALLS AND ONTO THE TRACK.

WE HAVE QUITE CHATTED WITH WHAT WILL WE SEE?

WE'RE TALKING ABOUT HOTELS, A SHOPPING CENTER WAS TALKING ABOUT HOTELS, A SHOPPING CENTER AND ALL THE COACH WANTS TO GO WITH ON THAT NORFOLK AREA.

>> IF SUCCESSFUL, WE HAVE EVERY BELIEVE IT WILL.

IT WOULD INCREASE TAX BASE 11 TIMES IN THAT ONE PARTICULAR SITE IS JUST MARVELOUS OPERATION.

THIS CITY HAS BEEN WOEFULLY MISMANAGED OVER THE PAST 4 YEARS.

MAYBE 8 AND PEOPLE CALLED THE HOME LITTLE PART OF THE GOVERNMENT.

THEY WANT IT OPEN.

THEY WANT THEY DON'T WANT CABAL AS AND WHEN INSIDE DO THEY DON'T WANT NON BIDDING.

THEY DON'T WANT FAVORITISM.

THEY WANT EVERYBODY GET A CHANCE THAT THIS MAYOR OFFERS THE CHANCE TALKING.

WE CONTINUE TO FIGHT FOR PEOPLE OF THE CITY.

WE'RE OUT OF TIME AND THEY'RE WASHINGTON.

THANK YOU VERY MUCH FOR BEING OUR FIRST GUEST ON CHICAGO TONIGHT.

I'M JON CALLOWAY.

GOOD NIGHT.

>> THAT WAS MAYOR HAROLD WASHINGTON AND JOHN CALLAWAY TO CHICAGO LEGEND'S 40 YEARS AGO TONIGHT ON OUR VERY FIRST EPISODE, IT IS AN HONOR TO STILL BE HERE 40 YEARS LATER.