Designation: 1999 Expiration: 2022
The 24th/Michigan TIF district is intended to improve land uses around the McCormick Place Convention Center as a seamless extension of the South Loop community. Characterized by warehouse buildings, parking lots and mixed-use properties, the area is one of Chicago’s top business destinations due to convention center events and ongoing expansion projects. Revenue from the 119-acre district is being leveraged to improve the area’s pedestrian amenities through streetscape improvements and reduce on-street truck loading. In addition to aiding the preservation of select area buildings, the district is intended to promote educational and institutional development through infrastructure and open space investments. The TIF has or will utilize $49 million in public dollars to attract more than $100 million in private investment.
Redevelopment Plan (PDF)
Redevelopment Plan Amendment #1 (PDF)
Redevelopment Plan Amendment #2 (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Open Data)