TIF Funding Approved for West, Southwest Side Park Projects
Two Chicago Park District improvement projects will receive $12.7 million in Tax Increment Financing (TIF) assistance approved by City Council today.
Piotrowski Park, at 4247 W. 31st St. in South Lawndale, will receive $8 million in TIF to construct a permanent, all-weather enclosure for its outdoor pool. To be provided through the Little Village Industrial Corridor TIF District, the funding will also finance ADA improvements to lower-level locker rooms and restrooms. Construction is scheduled for completion by the end of 2027. The Park District will pay the balance on the $9 million project.
Douglass Park, at 1407 S. Sacramento Drive in North Lawndale, will receive $4.7 million in TIF to rebuild fieldhouse restrooms, public spaces and building systems. Construction is scheduled for completion by the end of 2027. The Park District will pay the balance on the $5.7 million project.
The City’s TIF program uses new property tax growth within designated districts to support public and private investment within their boundaries.