Chicago Park District Improvement Projects Proposed for $10.7 Million in TIF Funding
January 26, 2022
312-744-9267
The Chicago Park District would complete seven park improvement projects through more than $10.7 million in Tax Increment Financing (TIF) assistance introduced to City Council today by Mayor Lori E. Lightfoot.
- Clarendon Park, at 4501 N. Clarendon Ave. in Uptown, would receive $3.46 million toward a $13 million fieldhouse rehabilitation. The balance of project costs would be funded through previously approved public and private sources.
- Wilson Park, at 4630 N. Milwaukee Ave. in Portage Park, would receive $3.05 million from the Jefferson Park TIF for fieldhouse renovations and other upgrades, including lighting, playground rehabilitation and ballfield drainage improvements. The project would be entirely funded by TIF.
- Jefferson Park, at 4822 N. Long Ave. in Jefferson Park, would receive $2.275 million from the Jefferson Park TIF for fieldhouse and pool house renovations and other upgrades, including lighting, playground rehabilitation and ballfield drainage improvements. The project would be entirely funded by TIF.
- Burnside Park, at 9400 S. Greenwood Ave. in Burnside, would 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 would be entirely funded by TIF.
- Fernwood Park, at 10436 S. Wallace St. in Roseland, would receive $650,000 from the 105th/Vincennes TIF for field house stabilization and mechanical improvements. The project would be entirely funded by TIF.
- Metcalfe Park, at 4134 S. State St. in Grand Boulevard, would receive $350,000 from the 47th/Halsted TIF for comfort station renovations and additional site work. The project would be entirely funded by TIF.
- Bickerdike Square Park, at 1461 W. Ohio St. in West Town, would 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 would 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.