Five capital improvement projects for Chicago Public Schools would be financed through more than $9 million in Tax Increment Financing (TIF) assistance proposed to City Council today by Mayor Lori E. Lightfoot. TIF would pay for the entire cost of each project.

• Farnsworth Elementary School, 5414 N. Linder Ave., would receive $750,000 in TIF to reduce the height of an existing chimney stack for ongoing maintenance and safety purposes. The project would be completed by fall 2022, with funding provided by the Elston/Armstrong TIF District.
• Cardenas Elementary School, 2345 S. Millard Ave., would receive $550,000 in TIF for playground surface and equipment upgrades. The project would be completed by fall 2022, with funding provided by the Ogden/Pulaski TIF District.
• Courtenay Elementary Language Arts Center, 4420 N. Beacon Ave., would receive $2.1 million in TIF for playground surface improvements, equipment upgrades, a new playfield, running track, and nature area. The project would be completed by summer 2023, with funding provided by the Clark/Montrose TIF District.
• Vaughan Occupational High School, 4355 N. Linder Ave., would receive $5 million in TIF for a new roof. The project would be completed by fall 2022, with funding provided by the West Irving Park TIF District.
• Peterson Elementary School, 5510 N. Christiana Ave., would receive $750,000 in TIF to reduce the height of an existing chimney stack for ongoing maintenance and safety purposes. The project would be completed by fall 2022, with funding provided by the Lawrence/Kedzie TIF District.

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