Central Loop TIF

Designation: 1997    Expired: 2008


Chicago first TIF district, the Central Loop TIF initially targeted the redevelopment of nine full and partial blocks in the North Loop before it was expanded in 1997 to promote private investment on additional blocks to the east and south. Encompassing 139 acres, the district was intended to support property assembly efforts for major redevelopment projects while supporting targeted improvements that support mixed-use vitality within the cultural and economic center of the city. Priority projects included the construction of new office buildings and hotels, the rehabilitation of theaters and cultural venues, and the adaptation of older commercial space for residential, institutional and other uses. Funds from the district were also targeted to improve the area's transit facilities, open spaces, and streetscape amenities. The district expired in 2008.

 

Redevelopment Plan (PDF)
Redevelopment Plan Amendment #1 (PDF)
Redevelopment Plan Amendment #2 (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Balance Statement (Data Portal)

 

 

Central Loop TIF district, expired in 2008, was roughly bounded on the north by the Chicago River, Congress Parkway on the south, Michigan Avenue on the east, and Franklin Street on the west.

PROJECTS

 

Pritzker Park

Hotel Monaco

Fisher Building

108 N. State St.

332 S. Michigan Ave.

Art Institute of Chicago

Canal Street Hotel (Reliance Building)

CareerBuilder

CNA Financial Corporation

Dearborn Center

Chicago Symphony

  • Redevelopment Agreement

Goodman Theater

Lytton Buuilding

Mather Tower

Trustees System Service Building (201 N. Wells St.)

Mentor Building

Mittal Steel

One S. State St.

Oriental Theater

Palmet Venture (171 W. Randolph St./134 N. LaSalle St.)

Sears Roebuck & Co.

Shubert Hotel

United Airlines

American Youth Hostels

 Supporting Information Facts

 I Want To