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Amendment to Lawrence/Kedzie 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/Kedzie Tax Increment Financing (TIF) Redevelopment Plan, revising its expiration date to provide additional time for ongoing redevelopment projects. This extension ensures that the district can continue leveraging TIF resources for long-term development.

Why it Matters

This amendment supports the sustainability of redevelopment efforts, promoting economic and community growth in the Lawrence/Kedzie area.

Source

Allowed Uses: The amendment extends the operational period for public and commercial redevelopment projects within the Lawrence/Kedzie TIF district.