26th and King Drive Redevelopment Project Area combined statement of revenues, expenditures and changes in fund balance - governmental fund year ended December 31, 2009.
Description: This dataset provides combined statement of revenues, expenditures and changes in fund balance for the 26th and King Drive Redevelopment Project Area (governmental fund year ended December 31, 2009).
The 26th/King Drive Tax Increment Financing (TIF) district was created to foster the revitalization of two blocks of underutilized land around the Mercy Hospital campus on the Near South Side. It is designed to aid site assembly efforts and help finance improvements to streets and sewer systems, sidewalks and alleys, and other public spaces used by hospital patrons and workers. In fostering the growth of a diverse economic and demographic mix of new residents, the district is also intended to facilitate the creation of affordable housing, parking and job opportunities. The TIF has or will utilize $60 million in public dollars to attract nearly $202 million in private investment.
Designation: 2006 Expiration: 2030
Data Owner: Housing & Economic Development
Time Period: Governmental Fund Year Ended December 31, 2009
Frequency: Data is published annually
Additional Information: 26th/King TIF