CDC Approves $6 Million TIF For Park Boulevard Phase 3B at 3603 S Federal Street in Bronzeville
The Community Development Commission has approved $6 million in Tax Increment Financing (TIF) money for the development of Park Boulevard Phase 3B located at 3603 S Federal Street in Bronzeville. Part of the larger Park Boulevard community, the project is the next step in redeveloping the site of the former Chicago Housing Authority (CHA) Stateway Gardens housing projects. The overall property is bound by W 35th Street to the north, S State Street to the east, W 39th Street to the south, and the Metra tracks to the west. This portion of the plan is oriented along S Federal Street anchoring the stretch between W 35th Street and W 37th Street at each end. Stateway Associates LLC is the developer behind the project.