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Amendment to Lawrence/Broadway TIF Redevelopment Plan Expiration Date

  • When: 2024/12/16
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Asset Class: Land
  • Property Type: Opportunity Zones

The Chicago City Council approved an amendment to the Lawrence/Broadway Tax Increment Financing (TIF) Redevelopment Plan, revising the expiration date to enable additional time for project completion and optimal utilization of TIF resources. This ensures continued alignment with redevelopment objectives for the area.

Why it Matters

This amendment ensures the sustainability of redevelopment efforts, promoting economic and community growth in the Lawrence/Broadway corridor.

Source

Allowed Uses: The extension facilitates mixed-use developments and public infrastructure improvements in the Lawrence/Broadway TIF district.