Non-Routine
Ward Matters
Economic Development
Tax Increment Financing
Revised redevelopment agreement with BR Congress Owner LLC and Congress theater NFP for acquisition of property and provision of tax increment financing (TIF) funds for improvements at Congress Theater, 2135 N Milwaukee Ave, in accordance with Fullerton/Milwaukee Redevelopment Plan and Project
Chicago's City Council approved the Fullerton/Milwaukee Redevelopment Project in 2000, under the Illinois Tax Increment Allocation Redevelopment Act. The project, financed via the Fullerton/Milwaukee TIF Ordinance and amended thrice, includes property acquired by BR Congress Owner, LLC, like the Congress Theater. A 2023 ordinance and Resolution 22-CDC-8 by the Community Development Commission designated the company as the developer, with a focus on affordable units.
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