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Revised Redevelopment Agreement for Congress Theater at 2135 N Milwaukee Ave

  • When: 2024/12/16
  • Address: 2135 N Milwaukee Ave, Chicago, IL
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Asset Class: Commercial
  • Property Type: Urban Office

The Chicago City Council approved a revised redevelopment agreement with BR Congress Owner LLC for improvements at the Congress Theater located at 2135 N Milwaukee Ave. The agreement includes the provision of tax increment financing (TIF) funds to support structural upgrades and the revitalization of this historic venue in alignment with the Fullerton/Milwaukee Redevelopment Plan.

Why it Matters

This decision revitalizes a historic cultural landmark, fostering community engagement and economic growth in Chicago’s Logan Square neighborhood.

Source

Allowed Uses: Permitted uses include renovations for theater and event space, as well as mixed-use commercial operations supporting cultural and economic revitalization.