TIF Proposed for Improvements at Six Chicago Parks
May 22, 2024
Department of Planning and Development 312.744.9267
The Chicago Park District would improve recreational facilities at six parks across the city through $28.1 million in Tax Increment Financing (TIF) assistance proposed to City Council today by Mayor Brandon Johnson.
- Kells Park, at 3201 W. Chicago Ave. in Humboldt Park, would receive $16.4 million from the Chicago Central Park TIF District to support construction of a new fieldhouse. Planned for the site of a decommissioned firehouse on the 700 block of North Kedzie Avenue, the property is expected to be acquired from the City to support the park’s recreation needs.
- Moran Park, at 5727 S. Racine Ave. in Englewood, would receive $9 million from the Englewood Neighborhood TIF district to replace the park’s multi-purpose room with a field house.
- Welles Park, at 2333 W. Sunnyside Ave. in Lincoln Square, would receive $400,000 from the Western Avenue North TIF district to support construction of three pickleball courts, new benches, and the rehabilitation of an existing sand volleyball court and horseshoe pits. • Union Park, at 1501 W. Randolph St. on the Near West Side, would receive $1 million from the Central West TIF district for pathway, lighting and playground improvements.
- Skinner Park, at 1331 W. Monroe St. on the Near West Side, would receive $900,000 from the Central West TIF district to support improvements to the park’s gardens and playground.
- Revere Park, at 2509 W. Irving Park Road in North Center, would receive $400,000 from the Western Avenue South TIF district to support the resurfacing of four tennis courts.
The City’s TIF program uses new property tax growth within designated districts to support public and private investment within their boundaries.
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