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Provision of additional tax increment financing (TIF) assistance of $2,850,000 for Ronan Park improvements

  • When: 2025/09/25
  • Address: 3000 W Argyle St
  • Address: 2954 W Lawrence Ave
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Subcategory: Grants
  • Asset Class: Land
  • Size (Dollars): $2,850,000

The City Council of Chicago approved an ordinance to reallocate an additional $2,850,000 from the City Increment of the Lawrence/Kedzie Redevelopment Project Area to the Chicago Park District. This additional funding will support further improvements at Ronan Park, located at 3000 West Argyle Street and 2954 West Lawrence Avenue. This allocation increases the total TIF assistance for the park to $6,350,000, building upon a previous allocation of $3,500,000 authorized on June 25, 2021, and an intergovernmental agreement between the City and the Park District executed on March 9, 2022.

Source

Ownership - Chicago Park District


Developer - Chicago Park District