Five existing Tax Increment Financing (TIF) districts will be amended under a plan approved today by City Council.  

Sanitary Drainage and Ship Canal
The expiration date on the Sanitary Drainage and Ship Canal TIF district in South Lawndale will be extended for an additional 12 years. The 250-acre district was designated in 1991 to support the continued redevelopment of industrial properties, storage yards and railroad right-of-ways.  The extension is being proposed to support rehabilitation projects, land assembly efforts and infrastructure improvements in the area. Originally scheduled to expire at the end of 2015, the district's new expiration date will be Dec. 31, 2027. 

119th/I-57
The 119th/I-57 TIF district will be expanded to include an additional 888 acres of commercial and residential properties within the Morgan Park and West Pullman communities. The expanded TIF will total 1,212 acres and provide new resources for public and private investment for the area roughly bounded by 107th Street, 127th Street, Vincennes Avenue, and the vacated Pittsburgh, Cincinnati, Chicago and St. Louis railroad right-of-way.  

Belmont/Central
The Belmont/Central TIF district will be expanded to include an additional 136 acres of commercial properties and park spaces in the Belmont/Cragin and Portage Park communities. The expanded TIF district will total 326 acres and provide new resources for public and private investment along Belmont and Diversey avenues. 

Cicero/Archer
The Cicero/Archer TIF district land use plan will be amended to reflect anticipated residential and commercial redevelopment of seven parcels of land on the northeast corner of 47th Street and Lavergne Avenue in Garfield Ridge. The parcels are currently identified in the plan for commercial uses exclusively. 

Woodlawn
The Woodlawn TIF district land use plan will be amended to reflect planned mixed-use development involving the University of Chicago’s Woodlawn Charter School campus in the area bounded by 63rd Street, University Avenue, 64th Street and Greenwood Avenue. The area is currently identified in the plan for open space.

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