October 31, 2018

TIF Funds Proposed for Gately Park Track & Field Complex, Other Park Improvement Projects

312.744.9267

A $57 million indoor track and field complex under construction in Pullman’s Gately Park is among five park improvement projects proposed for Tax Increment Financing (TIF) assistance by Mayor Rahm Emanuel today.

The 139,000-square-foot project at 744 E. 103th St. is planned to include a 200-meter track; eight-lane sprint track; space for long jump, pole vault, and high jump events; and seating and concessions for 3,500 spectators. The work, which started in August, would be financed in part by $10 million in TIF.

Additional Funding would include $18 million from After School Matters, a $14.5 million State of Illinois grant, $2 million from Chicago Public Schools, $6.1 million from the Chicago Park District, and $6 million from Exelon Corp.

The other park projects include:

Revere Park, 2508 W. Irving Park Road
TIF assistance in the amount of $6 million would support improvements to the field house at Revere Park in North Center. Upgrades would include ADA-access upgrades, a new roof, windows, doors, and gymnasium floor. The park’s Boys and Girls Club would also be updated with new windows, doors and HVAC system. The work would be entirely funded by TIF.

Chase Park, 4701 N. Ashland Ave.
TIF assistance in the amount of $6 million would improve the field house and athletic field at Chase Park in Uptown. Enhancements would include a new roof, soffits, gutters, artificial turf surfaces, fencing landscaping and lighting. The work would be entirely funded by TIF.

McKinley Park, 2210 W. Pershing Road
A new dog park in the McKinley Park community’s namesake park would be financed through $400,000 in TIF assistance. The 0.28-acre space at the southwest corner of the park would include fencing, benches, artificial turf and gravel surfaces, areas for large and small dogs, a water fountain, benches, and landscaping. The work would be entirely funded by TIF.

Sumac Park
, 4201 S. Champlain Ave.
Sumac Park in Grand Boulevard would receive $350,000 in TIF to support the addition of a walking path, landscaping, drinking fountain, workout stations and benches. The work would be entirely funded by TIF.

 

 

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