City Council today approved $5.55 million in TIF assistance for Presence Health that will reimburse the company for $28.8 million in citywide office improvements, including neighborhood medical facilities in underserved communities that need more access to high quality health care.
Presence Health is the largest provider of Medicaid in the city of Chicago. The neighborhood projects made possible through the TIF assistance will serve more than 22,500 people while creating 39 permanent jobs and 62 construction jobs. The 44,000-square-foot headquarters build-out at 200 S. Wacker Dr. created and retained 200 permanent, full-time positions in addition to more than 60 temporary construction jobs.
Collectively valued at $15.5 million in construction costs, the neighborhood projects include:
Avondale: Presence Neighborhood Medical Home, 2933 N. California Ave.
Belmont-Cragin: Presence Neighborhood Medical Home, 2257-59 N. Cicero Ave.
Calumet Heights:Unite Here Presence Neighborhood Medical Home, 9000 S. Stony Island Ave.
West Town: Presence Saints Mary and Elizabeth Medical Center, Center for Cancer & Specialty Care, 2216 W Thomas Ave.
The TIF-funded reimbursements would be provided as four payments over three years after all the projects are completed.
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