River South TIF

Designation: 1997    Expiration: 2021


More than half of the 286-acre River South TIF district is characterized by active rail lines and a former rail yard that constitutes the largest undeveloped parcel within the Near South community. The TIF was created to provide resources for the area's comprehensive redevelopment as a mixed-use neighborhood that includes a variety of stores, residences, open space and connections to adjacent neighborhoods. Along the northern and southern ends of the TIF are several improved parcels that contain older and obsolete buildings that require rehabilitation or replacement. The bulk of TIF funds are intended for public works improvements including streets, utilities, and public facilities. Additional funds are targeted for property assembly and cleanup, the rehabilitation of existing buildings, and job training. Costs associated with the creation of a riverwalk and riverside park spaces are also supported by the TIF.

 

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

 

River South TIF district map, roughly bounded on the north by Van Buren Street, Cullerton Street on the south, State Street on the east, and the Chicago River on the west.

PROJECTS

 New South Loop Elementary School

18th Street Connector

Ping Tom Memorial Park

LaSalle Park

Teacher's Academy

Porting

 Supporting Information Facts

 I Want To