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Fifth Amendment to Central West 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 the fifth amendment to the Central West Tax Increment Financing (TIF) Redevelopment Plan, revising its expiration date to accommodate ongoing and future projects. This ensures that the district continues benefiting from TIF resources aligned with its long-term redevelopment strategy.

Why it Matters

This amendment fosters ongoing investment in the Central West district, enhancing economic growth and infrastructure development.

Source

Allowed Uses: The extension focuses on supporting mixed-use development and public infrastructure improvements in the Central West TIF district.