Financial Measures Will Support Two School Improvement Projects
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The campus of two public elementary schools will be improved through development plans approved today by City Council.
James McPherson Elementary, 4728 N. Wolcott Ave.
McPherson school in Lincoln Square school will receive $400,000 in Tax Increment Financing assistance for the construction of an outdoor playground, walkways, landscaping and gardens. The funds will be applied to planning, design and installation costs. The balance of the $800,000 project will be paid for by the Chicago Board of Education.
Frazier Prospective School, 4027 W. Grenshaw St.
The campus of Frazier school in North Lawndale will be expanded by .26 acres through the sale of four City-owned parcels at 1115-1121 S. Pulaski Road and 3952 W. Grenshaw St. to the Board of Education. To be sold for $1 each, the parcels will be used to construct a playground and artificial turf field adjacent to the school. The remainder of $750,000 project will be financed through NATO Summit funds.
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