Park Improvement Projects Proposed for TIF Funding
Chicago Park District facilities in North Park and the Near West Side would receive $4.75 million in upgrades through Tax Increment Financing (TIF) proposals introduced to City Council today by Mayor Lori E. Lightfoot.
Touhy Herbert Park, at 2106 W. Adams St., would receive up to $3.5 million from the Central West TIF district to support ballfield and landscape improvements, playground upgrades, a new water feature, a new entry plaza and the removal of an outmoded comfort station. New lighting, benches and paved pathways would also be added throughout the park.
Gompers Park, at 4222 W. Foster Ave., would receive up to $1.25 million from the Foster/Edens TIF district to support renovations to fieldhouse locker rooms and pool access area.
The City’s TIF program uses new property tax growth within designated district to support public improvements within their boundaries.