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Amendment No. 1 to 63rd/Pulaski TIF Redevelopment Plan Regarding Statutory Repayment Deadlines

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

The Chicago City Council approved Amendment No. 1 to the 63rd/Pulaski Tax Increment Financing (TIF) Redevelopment Plan, addressing statutory repayment deadlines for TIF projects. This amendment aligns with compliance requirements and ensures the continued efficiency of redevelopment efforts within the district.

Why it Matters

This decision ensures financial compliance and sustainability for TIF-supported redevelopment efforts, promoting long-term economic stability in the 63rd/Pulaski district.

Source

Allowed Uses: This amendment supports ongoing redevelopment activities, ensuring compliance with statutory repayment deadlines for the 63rd/Pulaski TIF district.