Ordinance O2023-0003022
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Designation of expanded Northwest Industrial Corridor Redevelopment Project Area as Tax Increment Allocation Financing (TIF) redevelopment project area
Auto-generated summary
Chicago's ordinance expands the Northwest Industrial Corridor Redevelopment Project Area, using Tax Increment Allocation Financing. It builds on the Original Redevelopment Project Area and a 2022 Expansion Area Eligibility Report. The Community Development Commission held a public hearing on the Amended Plan, post Resolution 23-CDC-20. A joint review board approved 'AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS APPROVING AMENDMENT #4', leading to the designation of the Expanded Area, findings supporting the expansion, and the Added Area's designation.
Sponsors
History
Legislation text
Additional Documents
- O2023-0003022 Designatio_20230727162240.pdf
- O2023-0003022 Letter.pdf
- O2023-0003022 mayoral le_20230727162536.pdf