|Designation: 1999 Expiration: 2022
The Clark Street/Ridge Avenue TIF is intended to foster the coordinated redevelopment of mixed-use and commercial properties along arterial streets and select residential properties in portions of the Edgewater and Rogers Park communities. Revenue from the 138-acre TIF will help expand the commercial corridor at Clark Street and Ridge Avenue and to support complimentary improvements to the north, west and south. The district’s northern portion is intended to grow as a pedestrian-oriented commercial and residential district with retail uses on the ground floor of new developments. The southern portion is intended to create a continuous core of commercial uses along Clark with a revitalized link to nearby retail properties along Peterson Avenue. Other district priorities include the rehabilitation of existing structures as well as new streetscaping and lighting, street resurfacing, and landscaping. The TIF has or will utilize a minimum of nearly $7.1 million in public dollars to attract a minimum of $31 million in private investment.
Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
Projection Report (Data Portal)