TIF Funding Proposed for West Side Park Projects
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Two Chicago Park District improvement projects would receive $12.7 million in Tax Increment Financing (TIF) funding under proposals introduced to City Council today by Mayor Brandon Johnson.
Piotrowski Park, at 4247 W. 31st St. in South Lawndale, would receive funding from the Little Village Industrial Corridor TIF District to construct a permanent, all-weather enclosure for its outdoor pool. The funding would also finance ADA improvements to lower-level locker rooms and restrooms. Construction would be completed by the end of 2027. TIF would cover $8 million of the $9 million project costs.
Douglass Park, located at 1407 S. Sacramento Drive in North Lawndale, would receive funding from the Midwest TIF District to rebuild the lower level of the fieldhouse with contemporary restrooms, public spaces and building systems. Construction would be completed by the end of 2027. TIF would cover $4.7 million of the $5.7 million project costs.
The City’s TIF program uses new property tax growth within designated districts to support public and private investment within their boundaries.