Additional TIF Funding Would Support Upgrades at Blackhawk Park
Mayor's Press Office 312.744.3334
Ongoing improvements to Blackhawk Park in Belmont Cragin would be supported with an additional $2.8M in Tax Increment Financing (TIF) through a proposal introduced to City Council today by Mayor Lori Lightfoot.
The funding would support expanded masonry and waterproofing work, in addition to $3M in TIF that was approved in May 2020 for a variety of fieldhouse repairs, including a new roof and gutter system, window and door replacement, and ADA-access upgrades.
The Chicago Park District project at 2318 N. Lavergne Ave. is being entirely financed by TIF.
TIF allocates property tax growth within designated TIF districts for public and private improvement projects.