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Community Development Commission

Washington Park needs more than a TIF

Despite contentious hearing, CDC signs off on Washington Park TIF

The Community Development Commission advanced a Tax Increment Financing district for the Washington Park community with no discussion or opposition on Tuesday despite objections from several outspoken neighborhood residents.

If approved by the City Council, a portion of property taxes collected in the district would be reserved for city-picked economic development projects within its borders. The proposed 988-acre TIF area spans all of Washington Park itself and also includes 631 acres of land just south and west of the park.

City eyes TIF district for hard-hit Washington Park

Goose Island tech sector project advances

A city panel unanimously approved Tuesday putting $10 million in Tax Increment Financing money toward a proposed digital manufacturing technology research center at Goose Island, a facility city officials hope will help catalyze Chicago’s tech economy.

City turns to land acquisition to help far South Side community

In an attempt to revive a stretch of vacant land in the Roseland neighborhood and ignite development in that community, the city’s Department of Planning and Development would acquire 13 acres of property under a plan green-lighted Tuesday by the Community Development Commission.

The property in question is parcels at 11420 S. Halsted St., 11400 S. Green St., and 830 West 115th St. Part of the property is currently owned by Jewel-Osco, and part is a foreclosed upon bank-owned property, according to Edward Lewis, of the Department of Planning and Development.

Special taxing dollars for Swedish Covenant advance

The Chicago Community Development Commission on Tuesday approved providing $4.6 million in Tax Increment Financing money to Swedish Covenant Hospital on the city's Northwest Side for the construction of a women’s health center and renovations of emergency facilities.

At last month’s CDC meeting, commissioners green lighted the creation of the Foster/California TIF district, a special property taxing area concocted solely to generate funds to cover improvements of the 128 year-old nonprofit hospital.

Participatory budgeting leads to organic garden in 5th Ward

Members of the Chicago Community Development Commission on Tuesday approved the development of a $200,000 organic garden at 2301-2307 E. 71st St., a proposal that arose from a new citizen-based “participatory” budgeting process in Alderman Leslie Hairston’s 5th Ward.

The organic garden is the result of a participatory budgeting process where 5th Ward residents decided how to best spend aldermanic menu money – the $1.3 million in discretionary funds council members receive each year for projects in their wards.

Community Development Commission extends Michigan/Cermak TIF lifespan

Chicago’s Community Development Commission has approved an extension of the lifespan of the Michigan/Cermak Tax Increment Financing Redevelopment Project Area.

The commission at its Tuesday meeting passed an amendment to the redevelopment plan for the area that adds 12 years to the life of the TIF, extending it to 35 years. Tricia Marino Ruffolo of the Department of Housing and Economic Development said the Michigan/Cermak TIF was designated in September 1989 to rehabilitate key structures that were in critical condition. The TIF was originally set to expire on December 31, 2013.

Development Commission extends Englewood TIF where Whole Foods looks to build

The city’s Community Development Commission unanimously voted to extend the life span of a small tax increment financing district in Englewood on Tuesday.

CDC signs off on property-sale for mixed-income housing at former Robert Taylor site

The Community Development Commission on Tuesday approved the sale of city-owned property to a developer that will create 71 mixed-income housing units on the former site of the Robert Taylor Homes in Bronzeville.

Under the Chicago Housing Authority’s Plan for Transformation, four new developments – Hansbury Square, Savoy Square, Coleman Place and Mahalia Place – have been constructed since 2000 to replace the Robert Taylor site.

The commission’s action on Tuesday paves the way for the fifth phase of the redevelopment project, dubbed Legends South.