Two South Side parks and a North Side school will be improved through Tax Increment Financing (TIF) assistance approved by City Council today,
Rogers Elementary School, at 7345 N. Washtenaw Avenue in Rogers Park, will construct an annex to relieve student overcrowding through $1.05 million in TIF assistance from the Touhy/Western TIF district. The $20 million Chicago Public Schools project is planned to include a new lunchroom, classrooms, specialty spaces, an exterior playlot, and an improved parking area. The balance of project funding will be provided by CPS. The TIF assistance will enable CPS to allocate resources for capital improvement needs at other schools, including turf replacement and flood control projects at Boone and Stone elementary schools. Construction could be completed by fall 2020.
McInerney Park, at 4452 S. Emerald Avenue in New City, will have its playground replaced and green spaces improved through $552,000 in assistance from the 47th/Halsted TIF district. The Chicago Park District project, which will be completely funded by TIF, also includes new benches, paving, lighting and drinking fountains for park patrons. Construction could be completed by spring 2020.
Bosley Park, at 3044 S. Bonfield St. in Bridgeport, will have its playground and spray pool replaced and its soccer field and basketball court resurfaced through $1.69 million in assistance from the 35th/Halsted TIF district. The Chicago Park District project will be entirely funded by TIF. Construction could be completed by spring 2020.
Details about TIF district spending and projects are available on the City's interactive TIF portal.
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