May 20, 2020

TIF Approved for North Side School Improvement Project

A North Side elementary school will be improved through Tax Increment Financing (TIF) plans approved by City Council today.

Lyman A. Budlong Elementary School at 2701 W. Foster Ave. in Lincoln Square will receive $300,000 in TIF to install a new synthetic surface on an existing recreation field.

The TIF assistance will reimburse Chicago Public Schools for the entire cost of the project. Construction could start next year.

 

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