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Approval of $1.088M Budget for Chicago's Special Service Area #81 (87th Street Business Corridor)

  • When: 2025/11/14
  • Address: 87th Street Business Corridor, Chicago, IL
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Subcategory: Special Improvement Districts
  • Asset Class: Commercial
  • Size (Dollars): $1,088,600

The Chicago City Council approved the budget, scope of services, and management agreement for Special Service Area (SSA) #81, also known as the 87th Street Business Corridor. This ordinance authorizes a total requested tax levy of $1,088,600 for the 2025 tax year to fund the SSA's 2026 budget. The Greater Auburn Gresham Development Corporation will continue to serve as the service provider, managing the funds and implementing programs. Key services funded by the budget include public way aesthetics, public health and safety programs, customer attraction, and economic development to support the local business environment. The total operating budget for 2026, including carryover funds, is projected to be $1,359,361.

Source

Applicant - Greater Auburn Gresham Development Corporation