Tag: TIF

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LaSalle Street Reimagined Rollout Webinar

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DPD and SomerCor will host a webinar for businesses about the unique LaSalle Street Reimagined SBIF program. The City of Chicago launched the LaSalle Street Reimagined Initiative in September 2022 to reposition LaSalle as a residential, dining and entertainment, and tourism and cultural center. To support this vision, the Small Business Improvement Fund (SBIF) is […]

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Small Business Improvement Fund (SBIF) Rollouts

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Via the Department of Planning and Development The Small Business Improvement Fund (SBIF) provides grant funding for permanent building improvements and repairs across the city. Offered by the Department of Planning and Development (DPD) to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide. Program […]

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Winnemac Park Improvement TIF Legislation Introduced

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This past Wednesday at the March City Council hearing, the Chicago Park District introduced legislation to appropriate $2 million of Tax Increment Financing (TIF) funds for improvements at Winnemac Park including baseball diamond, turf infield and ball field improvements, field drainage improvements and field restoration, tennis court rehab and site paving and site improvements which […]

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City Council and Committees- Week of 3/13/23

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Name Meeting Date Meeting Time Meeting Location Highlights Committee on Finance 3/13/2023 10:00 AM City Hall – Council Chamber – Chicago, Illinois 1. A communication recommending a proposed ordinance regarding the authority to enterinto and execute a redevelopment agreement with and allocation of Tax IncrementalFinancing (TIF) funds to German American National Congress Chapter Chicago – […]

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Update on TIF Improvements for Winnemac Park

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Funding requests for Winnemac Park I am excited to announce my support of the request for Tax Increment Financing (TIF) dollars for park improvements at Winnemac Park. The Park District is requesting $2 million for park improvements including a new artificial turf baseball infield, field drainage improvements, tennis court renovations and site improvements including pathway […]