Red-Purple Modernization (RPM) Phase One Project TIF
Designation: 2016 Expiration: 2052
Encompassing approximately 3,126 acres of land, the Red-Purple Modernization (RPM) Phase One Project TIF was designated to help finance the rehabilitation of the CTA's Red and Purple rail lines on Chicago;'s North Side. The district includes 16,704 parcels of land generally within a half mile of the Red and Purple right-of-way, from Devon Avenue on the north to North Avenue on the south. Planned, TIF-assisted investments include four station reconstructions (Lawrence, Argyle, Berwyn and Bryn Mawr), reconstruction of track structure and viaducts, and the construction of a rail bypass north of Belmont to increase rail capacity and alleviate train congestion. Phase One is the first of multiple phases of the RPM Program, which will replace nearly century-old infrastructure and stations along Chicago’s busiest rail line with modern tracks, signals and stations that are fully accessible.
Redevelopment Plan (PDF) |