TIF Assistance Approved for Park Improvement Projects
Field houses at four North and Northwest side parks will be improved through Tax Increment Financing (TIF) assistance approved by City Council today.
Clarendon Community Center Park, 4501 N. Clarendon Ave. TIF in the amount of $6.9 million will support renovations to Clarendon Park field house in Uptown. Improvements will include concrete and masonry restoration, new interior finishes, new plumbing, mechanical, and electrical systems, and ADAaccess upgrades. The balance of the $13 million project will be financed with $4.6 million from Montrose Clarendon Partners LLC, which developed the nearby 811 Uptown apartment complex, and $1.6 million from the Chicago Park District.
Avondale Park, 3516 W. School St. TIF in the amount of $2.9 million will support renovations to the Avondale Park field house in Avondale. Improvements will include a new roof, new windows, masonry repairs, and ADA-access upgrades. TIF will finance the cost of the entire project.
Chopin Park, 3420 N. Long Ave. TIF in the amount of $700,000 will support renovations to Chopin Park field house in Portage Park. Improvements will include a new roof and gutters. TIF will finance the cost of the entire project.
Blackhawk Park, 2318 N. Lavergne Ave. TIF assistance in the amount of $3 million will support improvements to the Blackhawk Park field house in Belmont Cragin. Improvements will include masonry restoration, window and door renovations, a new roof and gutters, interior renovations, and ADA-access upgrades. TIF will finance the cost of the entire project.
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