News Release
News Release Facts

Department:

City Services

October 3, 2012

TIF Approved for Park Improvements on Near West, Southwest Sides

312.744.9267

Visitor amenities at two neighborhood parks will be upgraded through Tax Increment Financing (TIF) assistance approved today by City Council today.

“The improvements will enhance accessibility while providing safe and engaging recreational activities for local residents,” Mayor Emanuel said.

The playground in the Near West Side’s Claremont Park, 2334 W. Fluornoy Ave., will be replaced with handicapped accessible equipment through $250,000 in TIF assistance. The balance of the $470,000 project will be paid for by the Park District and private donors.

The field house in New City’s Lowe Park, 5203 S. Lowe Ave., will be expanded through $550,000 in TIF assistance. The balance of the $620,000 project will be paid for by the Park District.

 

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