The Chicago City Council approved the fourth amendment to the Lake Calumet Tax Increment Financing (TIF) Redevelopment Plan, revising the expiration date to facilitate ongoing development efforts in the district. The amendment ensures that projects within the district align with long-term economic development goals and continue benefiting from TIF resources.
This decision promotes sustained investment in the Lake Calumet area, supporting economic growth, job creation, and regional redevelopment goals.