Press Release
November 16, 2011

TIF Assistance Proposed for School, Pizzeria

Mayor's Press Office    312.744.3334

Two Tax Increment Financing (TIF) proposals introduced to City Council today by Mayor Rahm Emanuel would support a proposed Morgan Park restaurant and improvements at an Englewood elementary school.

CP MOK Properties, LLC
The restaurant would rise at 10900 S. Western Ave. through $350,000 in TIF assistance. The developer, CP MOK Properties, LLC, would build the 4,500-square-foot, one-story facility and lease it to the operator of a Home Run Inn Pizza parlor.  The $1.5 million proposal would create 10 full-time and 25 part-time jobs. 

Oliver Wendell Holmes Elementary School
The school proposal would involve $3.3 million in TIF that would be reimbursed to the Chicago Board of Education for costs related to a completed, 4,800-square-foot expansion of Oliver Wendell Holmes Elementary School. The single-story building at 955 W. Garfield Blvd. houses a kitchen, dining area and educational space.  The project also included a new athletic field and landscaping. 

# # #