Ordinance O2024-0012447
Active
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Redevelopment agreement with and issuance of tax increment financing (TIF) funds to TimeLine Theater Company for construction of new theater auditorium at 5033-5035 N Broadway
Auto-generated summary
Chicago's City Council approved a redevelopment plan in 2001 for the Lawrence/Broadway area, including a property owned by the TimeLine Theatre Company. The project, funded partly by incremental taxes, will feature a theater, administrative spaces, and a 'Facility' for community use. The Community Development Commission recommended the TimeLine Theatre Company as the project developer. The Commissioner of the Department of Planning and Development is authorized to negotiate a Redevelopment Agreement, with approval from the City's Corporation Counsel, as detailed in Exhibit A.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
| Date | Legislative body | Action |
|---|---|---|
| Date 2024-09-18 | Legislative body Chicago City Council | Action Referred |
| Date 2024-09-18 | Legislative body Chicago City Council | Action Introduced |
Legislation text
Additional Documents
- O2024-0012447 EDS.pdf
- O2024-0012447 Exhibit A - Redevelopment Agreement.pdf
- O2024-0012447 Transmittal Letter.pdf