Development Commission Approves TIF For Residential Development In East Garfield Park
The Community Development Commission approves Tax Increment Financing (TIF) for a residential development at 414 N Central Park Avenue in East Garfield Park. TIF is a publicly financed subsidy for local developments and is being applied for by developer Conservatory Apartments LLC. Designed by HED Architects, the project will replace a vacated parking lot for the former Laura Ward Elementary School which shuttered in 2013.