Near South TIF

Designation: 1994    Expiration: 2014


The Near South TIF district is intended to support mixed-use development within a 248-acre area on the eastern portions of the Loop and Near South Side communities. Characterized by numerous office and mixed-use buildings needing rehabilitation, the district supports a mix of uses that provide a transition from higher densities along its northern border to lower densities toward its southern edge. A majority of district funds are targeted for roadway improvements that support new mixed-income projects. Funds are also designed to assist rehabilitation projects involving existing buildings, and to provide land assembly resources for new construction on underutilized and vacant land. Improvements to area transit facilities, parks and open spaces are also supported by the TIF, as are job training and readiness programs.

 

Redevelopment Plan (PDF)
Redevelopment Plan Amendment #1 (PDF)
Redevelopment Plan Amendment #2 (PDF)
Redevelopment Plan Amendment #3 (PDF)
Redevelopment Plan Amendment #4 (PDF)
Redevelopment Plan Amendment #5 (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Data Portal)

 

 

Near South TIF district map, roughly bounded on the north by Congress Parkway, Cermak Road on the south, Lake Shore Drive on the east, and State Street on the west.

PROJECTS

 

Grant Park Skate Park

Chicago Women's Park

Coliseum Park

Harrison Ave. Red Line Station

1611-29 S. Wabash Ave.

Blackstone Hotel

 Central Station

FC Central Station

Jewel Near South

 Jones Academic HS

L'Oreal USA

 

Spertus Institute of Jewish Studies

 1318-52 S. Wabash Ave.

Roosevelt Hotel

 

PORTING

 Supporting Information Facts

 I Want To