Efforts to build a new Chicago Public Library branch in Chinatown entered a new chapter today with the City Council’s approval of a plan to contribute $15.6 million in Tax Increment Financing (TIF) toward project development costs.
The financial assistance will enable the Public Building Commission to acquire land and construct the library on the 2100 block of South Archer Avenue. The new facility will be 50 percent larger than the existing branch and serve as a gateway to both the newer and older sections of the Chinatown community.
“A new branch would improve access and expand all the important library resources that area students and residents expect and deserve,” Mayor Emanuel said.
The current Chinatown branch has been located in leased space at 2353 S. Wentworth Ave. since 1990.
The new branch will have 18,000 square feet of space on two floors. Amenities will include enhanced collections spaces, technology upgrades, designated areas for children and teens, a community room, and on-site parking.
The Chicago Public Library will contribute $346,000 in bonds toward project costs.
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