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A financial plan approved by City Council today will allocate $16.5 million in Tax Increment Financing (TIF) for the construction of an addition to John C. Coonley Elementary School in North Center.
The three-story, 34,000-square-foot annex at 4046 N. Leavitt St is being planned to include 12 classrooms, a cafeteria, and kitchen. The existing cafeteria and kitchen at the Chicago Public School facility will be converted to classrooms upon the annex’s completion.
Total project cost is estimated at $16.6 million. The $100,000 balance will be paid for by the Chicago Board of Education.
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