Department of Planning and Development Banner

24th/Michigan TIF

Designation: 1999    Expiration: 2022

      The 24th/Michigan TIF district is intended to improve land uses around the McCormick Place Convention Center as a seamless extension of the South Loop community. Characterized by warehouse buildings, parking lots and mixed-use properties, the area is one of Chicago’s top business destinations due to convention center events and ongoing expansion projects. Revenue from the 119-acre district is being leveraged to improve the area’s pedestrian amenities through streetscape improvements and reduce on-street truck loading. In addition to aiding the preservation of select area buildings, the district is intended to promote educational and institutional development through infrastructure and open space investments. The TIF has or will utilize $49 million in public dollars to attract more than $100 million in private investment.

 

 

Redevelopment Plan (PDF)
Redevelopment Plan Amendment #1 (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Open Data)

 

24th/Michigan TIF district map, roughly bounded on the north by Cullerton Street, the Stevenson Expressway on the south, Prairie Avenue on the east, and Wentworth Avenue on the west.   

PROJECTS

 

Chinatown Branch Library

Cermak/Chinatown Red Line Station

Hillard Homes

Teacher's Academy

BSB Holdings

PORTING