Chicago Park District Improvement Projects Receive $6.4 Million in TIF Funding

February 23, 2022

312-744-9267

The Chicago Park District will complete seven park improvement projects through $6.4 million in Tax Increment Financing (TIF) assistance approved by City Council today.

  • Clarendon Park, at 4501 N. Clarendon Ave. in Uptown, will receive $3.46 million toward a $13 million fieldhouse rehabilitation. The balance of project costs will be funded through previously approved public and private sources.
  • Wilson Park, at 4630 N. Milwaukee Ave. in Portage Park, will receive $500,000 from the Jefferson Park TIF for ballfield improvements, lighting upgrades, and playground updates. The project will be entirely funded by TIF.
  • Jefferson Park, at 4822 N. Long Ave. in Jefferson Park, will receive $$500,000 from the Jefferson Park TIF for ballfield improvements, lighting upgrades, and playground updates. The project will be entirely funded by TIF.
  • Burnside Park, at 9400 S. Greenwood Ave. in Burnside, will receive $800,000 from the Stony Island/Burnside TIF for the construction of a new comfort station, spray feature renovation and other improvements including ballfield and basketball court restoration. The project will be entirely funded by TIF.
  • Fernwood Park, at 10436 S. Wallace St. in Roseland, will receive $650,000 from the 105th/Vincennes TIF for fieldhouse stabilization and mechanical improvements. The project will be entirely funded by TIF.
  • Metcalfe Park, at 4134 S. State St. in Grand Boulevard, will receive $350,000 from the 47th/Halsted TIF for comfort station renovations and additional site work. The project will be entirely funded by TIF.
  • Bickerdike Square Park, at 1461 W. Ohio St. in West Town, will receive $135,000 from the Kenzie Industrial TIF to establish a water connection for garden bed maintenance and to improve lighting, garden fencing and signage. The project will be entirely funded by TIF.

Chicago’s TIF program allocates property tax growth within designated TIF districts for public improvement projects, affordable housing, economic development, and other goals.

News Release Facts