City Council Approves TIF For Various City Parks
The Chicago City Council has approved the financing for multiple small-improvement projects of various Chicago Park District properties across the city. A majority of the funds will come from various Tax Increment Financing districts, which are often supported by fees from developers. Many city parks are dealing with aging facilities while handling the demand for open space over the last two years. The investments will affect eight city parks, with six of the smaller projects being as follows: