Ordinance O2024-0014205
Passed
Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Revised redevelopment agreement with Hudson Michigan Avenue Owner LLC to provide tax increment financing (TIF) funds for improvements at Hudson House, 2222 S Michigan Ave
Auto-generated summary
Chicago's City Council is amending the TIF Redevelopment Agreement Ordinance for the Michigan-Cermak Tax Increment Redevelopment Financing Project Area. The revised agreement with Hudson Michigan Avenue Owner LLC includes redevelopment of 2222 S Michigan Avenue into a boutique hotel and commercial/retail space, featuring a speakeasy, restaurant, event space, rooftop pool and bar, and a fitness center and co-working lounge. The ordinance, including Revised Exhibit B, is in full force and effect upon immediate passage.
Sponsors
History
Locations mentioned
Legislation text
Additional Documents
- O2024-0014205 Committee Letter.pdf
- O2024-0014205 Department Transmittal.pdf
- O2024-0014205 EDS.pdf
- O2024-0014205 Mayoral Transmittal.pdf
- O2024-0014205 Revised Exhibit B - Redevelopment Agreement.pdf