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Amendment to South Chicago 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 South Chicago Tax Increment Financing (TIF) Redevelopment Plan, revising its expiration date to facilitate the completion of ongoing projects. This amendment ensures the district can fully utilize TIF resources to achieve long-term redevelopment goals.

Why it Matters

This decision promotes sustained investment in the South Chicago area, supporting economic growth and redevelopment initiatives.

Source

Allowed Uses: This amendment supports ongoing redevelopment projects focusing on industrial and commercial improvements in the South Chicago TIF district.