Kenwood Academy High School in Kenwood would receive $4.75 million in additional Tax Increment Financing (TIF) assistance to support long-planned upgrades to the school campus.

The additional funding would cover cost escalations involving materials and labor for a planned pedestrian bridge between campus buildings and new heating, ventilation, and air conditioning equipment in the gymnasium.

The project at 5015 S. Blackstone Ave. was approved in 2021 for $9.2 million in TIF assistance that was expected to fund the entire project. Under the new terms, Chicago Public Schools would contribute $450,000 toward the increased costs.

The City’s TIF program uses new property tax growth within designated districts to support public and private improvements within their boundaries.

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