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TIFormation, the publication of the 53rd St. Hyde Park TIF Advisory Council

A service of the Hyde Park-Kenwood Community Conference, its Preservation and Development Committee, and the HPKCC website, www.hydepark.org. Help support our work: Join the Conference!

Summary Document on the TIF summarizing FY 2006, from Dept. of Planning. The 2008 report for each TIF district is now available for inspedction M-F 9 am-4 m at city Hall room 1006. Each year from start of August.

January 2008 issue (text)

January 2007 issue

University Selects Developer for 53rd & Harper
Cleanslate on 53rd Street in 2007
This is Affordable Housing?
What is the 53rd Street TIF District?
Introducing TED (Transportation Enhancement District)
Committee Members Take to the Street
The Committee and About

From the January 2006 issue

Council Approves New Residential Development
A Fresh Look at Parking
University to Seek Proposals for 53rd & Harper
What is the Purpose of the 53rd Street TIF District?
Development News and Resources

TIF Projects map

January, 2005 issue (contents listed there)

 

Summary finance document on the TIF referencing 2006-7

The 53rd Street TIF District
Benefitting Hyde Park and Kenwood

53rd Street TIF At-A-Glance
source: 2006 Annual Report, For copy of full report and audited financial statement,
contact the Department of Planning and Development
2001- Authorized
2024- Expires
$2,545.013- Net Balance total
$841,222- Revenue Collected 2006
$16,047- Expenditures 2006
2 to 1- Ratio of private to public investment in TIF area
Small Business Improvement Fund- Recent Redevelopment projects
$23.2 million- Estimated assessed valuation in district 2001
$33.3 million- Estimated assessed valuation in district 2005 (44% increase since 2001)

Encompassing portions of the Hyde Park and Kenwood
communities, the 53rd Street TIF district was created to
re-establish a cohesive and vibrant mixed-use district that
provides a comprehensive range of goods and services to
the surrounding residential community. It is also intended
to accommodate new residential and institutional uses
where appropriate. Other priorities include streetscaping
and landscaping along 53rd Street and Lake Park Avenue,
new off-street parking facilities, and projects that provide job
training for local residents. The 84-acre district also supports
the rehabilitation of existing structures and an expansion of
public open space in the area. The TIF has or will utilize a
minimum of $750,000 in public dollars to attract a minimum
of $1.5 million in private investment.

The 2006 fiscal year was strong for the 53rd Street TIF
and revenue increased due to the economic growth in the
neighborhood and the increasing assessed values of the
TIF. The net assets increased 48 percent from the previous
year. The TIF’s assessed value has grown 44 percent since
2001, demonstrating its strong success in spurring economic
growth within the neighborhood. Correspondingly, the
funding available for TIF-eligible economic redevelopment
projects in the neighborhood also increased.

Examples of Redevelopment Projects
Small Business Improvement Fund
$500,000 were allocated to the Small Business Improvement
Fund within the district and another $25,000 for job training.
Statement of Net Assets and
Governmental Fund Balance Sheet

December 31, 2006
ASSETS GOVERNMENTAL ADJUSTMENTS STATEMENT OF FUND NET ASSETS
Cash and Investments $ 1,831,611 $ 1,831,611
Property Taxes $ 700,000 $ 700,000 Receivable
Accrued Interest $ 25,842 $ 25,842 Receivable
Total Assets $ 2,557,453
$ 2,557,453 LIABILITIES
Due to Other City Funds $ 12,440
$ 12,440 Deferred Revenue $ 671,762 ($ 671,762)
Total Liabilities $ 684,202 ($ 671,762) $ 12,440 NET ASSETS=FUND BALANCE
Designated for Future $ 1,873,251 ($ 1,873,251) Redevelopment Project Costs
Total Liabilities and Fund Balance $ 2,557,453

NET ASSETS
Restricted for Future $ 2,545,013 (adjustment) $ 2,545,013 (statement)

Redevelopment Project Costs
Total Net Assets $ 2,545,013 $ 2,545,013
AMOUNTS REPORTED FOR GOVERNMENTAL ACTIVITIES IN THE STATEMENT OF NET
ASSETS ARE DIFFERENT BECAUSE:
Total Fund Balance - Governmental Fund $ 1,873,251
Property tax revenue is recognized in the period for which levied rather than $ 671,762
when “available”. A portion of the deferred property tax revenue is not available.
Total Net Assets - Governmental Activities $ 2,545,013

_________________________________________________

TIFormation was created and produced by Community Counsel, a neighborhood planning and developments consultancy for the Advisory Council, isherr@communitycounsel.com. Distributed by South East Chicago Commission. The new website for TIF is http://www.vision53.org.

The 2007 and 2008 issues are available, as well as the full formal report/audit on the TIF's previous year. Contact South East Chicago Commission, 1511 E. 53rd St., 773 324-6926, fax 773 324-6685.

The January 2008 text of TIFormation

53rd Street Vision Workshop Success

(Pics: Ald. Preckwinkle welcomes residents to the 53rd St. Vision Workshop; Workshop participants met in small groups to answer questions about their preferences for the future of 53rd St.; Workshop participants expressed a desire for mixed use infill development instead of surface parking lots, vacant lots and strip malls on 53rd St. )

Close to 200 Hyde Park and South Side residents packed the gymnasium of Canter Middle School for a half day workshop to discuss future development of 53rd street, Hyde Pak's primary commercial business corridor and an important shopping hub for the mid-south side of Chicago.

The 53rd Vision Workshop, held on December 8, 2007, was sponsored by 4th Ward Alderman Toni Preckwinkle and a coalition of local organizations including the 53rd Street TIF Advisory Council, the University of Chicago, the Hyde Park Chamber of Commerce. Hyde Park-Kenwood Community Conference, Interfaith Open Communities, and the South East Chicago Commission.

Using technology provided by the Chicago Metropolitan Agency for Planning (CMAP), attendees were able to vote on development priorities and see their preferences reflected in real-time.

Results from the day's polling revealed several consistent themes for 53rd street including an almost universal desire for:

The keynote presentation on The Benefits of Density by Sam Assefa, Deputy Commissioner of the Department of Planning and Development for the City of Chicago, illuminated many of the positive impact that density can have on the environment.

Participants were enthusiastic in their assessment of the workshop. Jeff Edstrom noted that "the tone of the workshop was fantastic ...and the excitement was really palpable.". Others welcomed the opportunity to voice their opinions. "I felt very food about being here. I learned a lot and felt I contribute to the meeting by voting." Alderman Preckwinkle said that the information culled from the workshop will be shared with City of Chicago planners and reflected in future requests for porposals (RFPs) to developers.

Poling results and presentations from te workshop along with other TIF information is available from www.vision53.org.

SBIF Spiffs up 53rd Street Businesses

(pics: Chant's attractive interior sets a new standard for 53rd St.; Daryl Crawford of Kimbark Laundry (1218 E. 53rd St., 773 493-3320) is utilizing SBIF to remodel, add free Wi-Fi and flat screen TVs for customers.)

Chicago Magazine named Chant (1509 E. 53d St., 773 955-2200) to its January "Hot List" which lists the restaurants everyone is talking about and dining at now.

Patti and Tom Kidwell, owners of the popular Noodles Etc., on 57th St. utilized the SBIF (Small Business Improvement Fund) to open Chant, a Pan-Asian restaurant with a hip interior, a full-service bar and late night hours. "It's awesome, super easy," said Tom Kidwell about the SBIF which reimburses businesses for up to $150,000 in eligible expenses.

For information on the SBIF, contact the SECC at 773 324-6926.

Summary of 2007 TIF Expenditures

Eligible TIF Expenses

In 2007 th 53rd St. TIF Council approved the use of TIF funds for the following purposes:

What is the 53rd street TIF District?

A TIF (Tax Increment Financing) district is a finance tool established by the City of Chicago to stimulate development in a designated geographic area.

There are over 130 TIF districts in Chicago. The 53rd Street TIF district was formed in 2001.

The increase in property tax revenues resulting from new development and the appreciation of existing property values in the district, are available for use within the district.

The 53rd Street TIF is unique for two distinct reasons:

Governance: A 13-person Advisory Council appointed by Alderman Toni Preckwinkle (4th Ward) meets regularly and serves as a community forum for all projects in the district.

Public Purpose: It was established with the primary purpose of using TIF revenues for public improvements to address:

The City of Chicago's 2006 Annual Report for the 53rd St. TIF district indicates that the 53d St. TIF has $2,545,013 available for TIF eligible expenses, as of the end of the 2006 calendar year.

Cleanslate Sweeps in Praise.

(pic: Cleanslate crews serve the 53rd St. business district five days per week.)

(quote: "53rd St. Vision Workshop participants rated a visually clean and attractive street as a top priority. Cleanslate clearly supports that objective." Howard Males, Chair, 53rd st. TIF Council)

"The streets certainly look cleaner," said resident and TIF Council member Jane Comiskey. "Cleanslate is one of the best programs the community has had in a long time," noted Hyde Park Kenwood Community Conference Vice President Gary Ossewaarde.

A cleaner 53rd Street is because Alderman Preckwinkle and the SECC introduced Cleanslate to the community. The TIF Council then approved $150,000 from the 53rd St. TIF to launch this program in 2007.

Both businesses and residents recognize the program's impact.

Clearly the businesses agree: 78% of businesses surveyed in September 2007 described the public areas of 53rd St. as "very clean" in contrast to the 19% that described the same areas as "very clean" in May 2007.

Further, Cleanslate interns move into permanent jobs. Already this year, over 35% of the interns have found permanent employment in the housekeeping, custodian, cashier/stocker and Cleanslate crew chief positions at an average wage of over $10.00 an hour.


World Class Art to Adorn Local Viaduct Walls

(pics: Aspiration by John Himmelfarb and On the Beach by Margaret Burroughs.)

(quote: "The selections showcase t he diversity of the talented artists living on Chicago's South Side." Jon Pounds, Executive Director, Chicago Public Art Group)

Renovation of the 53rd and 55th St. viaducts is scheduled to resume this spring and be finished this summer.

The remaining work consists of the installation of the steel frame 'bent' system, new lighting and at panels or mural restoration. These final elements will have a dramatic impact on the viaducts and the pedestrian experience.

A curatorial team from the Chicago Public Art Group, Hyde Park Art Center, and the South Side Community Art Center selected the work of four South Side - and international renowned artists- to adorn the walls of the viaducts. Art by Terry Evans, John Himmelfarb, Calvin Jones and Margaret Taylor-Burroughs will be reproduced digitally and printed in color onto 8 ft. by 12 foot panels on the 53rd and 55th St. viaducts. The TIF Council enthusiastically endorsed the selections of art work, which the University of Chicago is funding.

The City of Chicago and Metra- through the support of Aldermen Toni Preckwinkle and Leslie Hairston , committed $3.8 million to support the renovation of the 53d and 55gh St. viaducts and the landscaping of the connecting embankment along Lake Park.

Rep. Barbara Currie (D-25th) obtained an additional $2.5 million to support the renovation of t he 53rd and 55th St. viaducts from the state of Illinois to fund subsequent phases. Design is currently underway for the next set of viaducts; 51st and 57th Street. The City of Chicago estimates that the entire multi-phase project will cost over $20 million.


53rd Street TIF Advisory Council

Council Members
Howard Males, Chair, Ilene Jo Reizner, Vice Chair, Ginny Vaske, Secretary, Andre Brumfield, Jane Comiskey, Antoinette McAllister, Charles newsome, Trushar Patel, Rod Sawyer, Steve Soble, Laurel Stradford, Chuck Thurow, Tony Wilkins.

Council Operations
All TIF Council meetings are open to the public. Council meeting minutes are available from the SECC.

The Council works for the benefit of the community and welcomes the participation of residents and businesses.

The Council has three standing committees: Parking, Planning & Development, an Neighborhood and Business Environment. The Council welcomes the participation of community members. Pleas contact the SECC for meeting information.

2008 Meeting Schedule

January 14, March 20, May 12, July 14, September 8, November 10. All meetings begin at 7 PM and are held at the Hyde Park Park Neighborhood Club, 5480 S. Kenwood Ave., Chicago IL.

For more information on TIF council activities contact the SECC at 773 324-6926 or visit www.vision53.org.

Credits. The South East Chicago Commission (SECC) provides technical and administrative support for all council activities. Special thanks tot he Hyde Park Neighborhood Club for generously making its facilities available to the 53rs St. TIF Council and the community. TIFormation is created and produced by Community Counsel, for the 53rd Street TIF Advisory Council and the SECC. Copyright 2008.

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The January 2007 issue

TIFormation- 53rd Street Tax Increment financing (TIF ) District

January 2007

 

University Selects Developer for 53rd & Harper

At the November 2006 53rd St. TIF Advisory Council meeting Hank Webber, Vice President of Community Affairs and Government Relations for the University of Chicago announce the n Brinshore Development and Baum Brothers to redevelop the 53rd & Harper Property (pictured).

The proposed concept (pictured) features the preservation of the 53rd street façade and the constsruct9io of 15,000 SF of ground floor retail space, with the potential for additional 2nd floor retail and/or office space.

Brinshore and Baum bring award winning experience in successful urban retail development projects. Brinshore/Baum plan a high quality neighborhood retail destination for Hyde Park, with dining and fashion tenants. Recognizing that residents often leave the area for apparel shopping, they believe this development will give residents a new reason to shop on 53rd Street.

The development team stressed their commitment to the inclusion of local and national retailers, sustainable design and minority participation.

Over the past several years the TIF Council has provided the University with valuable input on community process, the development objectives, scale and desired uses for the redevelopment of the 53rd & Harper property. Since 2001 when the University initially acquired the property, the Council has provided a forum for public discussion of the site’s redevelopment.

The University will continue to update the Council on its progress and will also share its plans with the TIF Council’s Planning and Development Committee for review and comment.

Construction is scheduled to begin in July 2007 and be completed in 2008.

“Hyde Park is underrepresented in terms of destination retailers and the is significant unmet demand. David Baum, Baum Realty

“This represents a big, positive step in the establishment of 53rdd Street as a retail and entertainment destination.” Hank Webber, University of Chicago


Cleanslate on 53rd Street in 2007

“Cleanslate is just what 53rd Street needs,” said Jane Comiskey, Co-chair of the Neighborhood and Business Environment Committee, after Eric Weinheimer, Cleanslate President explained t he Cleanslate program.

With approval to use TIF funds from the Department of Planning and Development and the Mayors Office of Workforce Development, Cleanslate expects to begin work in Hyde Park in March 2007.

Cleanslate is a neighborhood beautification business that provides public way maintenance services to communities. Cleanslate establishes a positive presence on the street. Program participants are trained to greet 100 persons daily.

Perhaps more importantly, Cleanslate provides a bridge to permanent employment for at risk individuals through it on-the-job-training.

Cleanslate plans to expand its Chicago program to include South Shore in 2007 and will continue to service the Quad communities, Illinois Medical District, Uptown and Auburn-Gresham.


This is Affordable Housing?

This past July, over 120 people toured the new mixed-income communities of the 4th ward like Oakwood Shores, pictured.

Alderman Preckwinkle sponsored and organized the tour to educate community leaders about what constitutes affordable housing in 2006.

Tour participants discovered that the ‘affordable’ units were indistinguishable from market rate units. Pat Wilcoxen, of Interfaith Open communities said she is pleased that the TIF Council recognizes that “affordable housing is important to preserving the economic diversity of Hyde Park.”

Community leaders board buses for the tour of new mixed income communities in the 4th Ward.


What is the 53rd Street TIF District?

A TIF (Tax Increment financing) district is a development finance tool used to stimulate development in a specific geographic area.

The incremental property tax revenue resulting from any new development and the tax revenues resulting from the appreciation of existing property values in the district, are available for use within the district.

The 53rd street TIF is unique for two distinct reasons:

Governance: A 13-person Advisory Council appointed by Alderman Toni Preckwinkle (4th Ward) serves as a community forum for all projects in the district.

Public Purpose: It was established with the primary purpose of using TIF revenues for public improvements to address:
· Parking needs for 53rd Street, and
· Canter Middle School’s expansion and renovation needs.

The City of Chicago’s 2005 Annual Report for the53rd St. TIF district indicates that at the 53rd St. TIF has $1,719,838 available for TIF eligible expenses, as of the end of the 2005 calendar year.


Eligible TIF expenses
· Public Works
· Rehabilitation
· Property Assembly
· Professional Services
· Relocation
· Job Training
· Day Care
· Interest Costs


Introducing TED (Transportation Enhancement District)

The Parking Committee of the 53rd Street TIF Council chaired by Jo Reizner, has recommended the creation of a Transportation Enhancement District (TED) formerly known as PID (Parking Improvement District).

TDED is an innovative tool that can help finance local programs, help manage the parking inventory and generate additional revenue for the City of Chicago.

Alderman Toni Preckwinkle (4th), Flores (1st) and Colon (35th) introduced a resolution to City Council that requests t he Department of Planning and Development along with several other city agencies:
“to develop and design a program for the establishment of pilot Transportation Enhancement Districts (TEDs) in Hyde Park and Logan Square.”

How would a TED work?

Within a geographically defined area, the City and the community agree to increase parking meter rates to stimulate more turnover in the spaces. The parking revenues are then shared between the city and the local community.

Communities can then use TED revenue to support and promote:
· Pedestrian mobility and safety
· Public way maintenance, beautification an improvement,
· Use of alternative modes of transportation, and
· Parking facilities and improvements.

In addition, the increase in curbside rates leads to the availability of more spaces for customers.

Governance

Typically a local organization will work with the City and key stakeholders to establish a district, which will require City Council approval. Each TED will be locally managed by a Commission appointed by the Mayor. The Commission will develop an annual budget and program. It will contract with a local service provider for the implementation of the program.

Next Steps

The TIF Council and the SECC will be meeting with property owners, businesses and residents to discuss potential uses of revenue.

“TED presents a fortuitous opportunity to create more parking on 53rd St. and generate revenue for needed local programs.” Toni Preckwinkle, Alderman, 4th Ward


Committee Members Take to the Street

“As soon as my awning went up, more customers came into the store,” said Kimberly Stampley, owner of Stamp’lays Executive Salon, 1371 E. 53rd ST.

The brightly striped awning is exactly what caught the attention of the Neighborhood and Business Environment Committee, on their October walk-through of 53rd Street. Committee members entered Stamp’lays to discover a stylish salon that also features women’s apparel and accessories.

James Poueymirou, President of t he Hyde Park Chamber of Commerce and committee member applauded Stampley’s improvement because, “It demonstrates that strategic enhancement to a store’s appearance will increase sales and foot traffic.”

The group surveyed each block of 53rd St. documenting maintenance and housekeeping issues to report to Alderman Preckwinkle’s office for follow-up or to discuss with property owners. For example, committee members point out the lack of a tree grate and weeds in the picture to the left.

Kimberly Stampley outside her shop at 1371 E. 53rdStreet.

Kudus to Hyde Park Bank for their award wining restoration of their main banking floor. Check it out!


Council Members

Howard Males, Chair
Ilene Jo Reizner, Vice Chair
Ginny Vaske, Secretary
Andrew Bromfeld
Jane Comiskey
Antoinette McAllister
Charles Newsome
Trushar Patel
Rod Sawyer
Steve Soble
Laurel Stradford
Chuck Thurow
Tony Wilkins

From the Chair:
“The fruits of the TIF Council’s labor will be visible in 2007 with the upcoming $4 million renovation of the 53rd and 55th Street viaducts and the launching of the Cleanslate program.”
Howard Males, Chair, 53rdd st. TIF Council

Council Operations

The 53rd St. TIF Council meets on the 2nd Monday of January, March, May, June, September and November at 7 PM at the Hyde Park Neighborhood Club. All meeting are open to the public. Council meeting Minutes are available from SECC.

The Council works for the benefit of the community and welcomes the participation of residents and businesses. The council has three standing committees: Parking, Planning & Development, and Streetscape.

For more information on TIF Council activities, contact t he SECC at 773-312-6926.

Credits

Thanks to the Hyde Park Neighborhood Club for generously making its facilities available to the 53rd St. TIF Council and to the SECC for its generous administrative support of the Council.

The South East Chicago Commission (SECC) provides technical and administrative support for all Council activities.

TIFormation is created and produced by Community Counsel, for the 53rdd Street TIF Advisory Council and the SEDC. Copyright 2007.

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From the January 2006 issue

The 53rd Street TIF Advisory Council

Council Members

Howard Males, Chair
Ilene Jo Reizner, Vice Chair
Ginny Vaske, Secretary
Andre Bromfeld
Jane Comiskey
Louis Comforti
Alex duBouclet
Antoinette McAllister
Charles Newsome
Trushar Patel
Rod Sawyer
Steve Sobel
Chuck Thurow

From the Chair:

"The Council has been very productive this year (2005) and has made valuable contributions to the proposal for 53rd & Cornell, and has begun to set the framework for a new perspective on parking."

Credits

Special thanks to the Hyde Park Neighborhood Club for generously making its facilities available to the Council and to the SECC for its generous administrative support of the Council.

Map and Checkerboard photo: Courtesy of Chicago Consultants Studio.

TIFormation is created and produced by Community Counsel, a neighborhood planning and development consultancy, for the 53rd street TIF Advisory council and the SECC. Copyright 2006

Council Approves New Residential Development

The 53rd Street TIF Advisory Council approved L3 Development's proposal for a 17-story building at its November 2005 meeting.

L3 Development recently completed the successful conversion of the Ambassador West Hotel into 38 luxury condominiums.

The new building will occupy the northwest corner of 53rd and Cornell. L3's plan includes 118 residential condominiums, 7500 SF of retail on the ground floor and 172 parking spaces to serve residents, visitors and retail patrons.

Once an active block with restaurants and convenience retai8l, it has remained dormant with vacant storefronts for the past several years.

The approved plan incorporates the Council's recommendations to:

In addition, the Council's Planning & Development Committee suggested L3

Shadow and traffic studies requested by Alderman Preckwinkle and the TIF Council indicated that the project would have a nominal impact on the immediate area.

Chuck Thurow, Chair of the Council's Planning & Development Committee noted t hat L3's proposal is a "strong and important project" for the TIF district and Hyde Park. Top

A Fresh Look at Parking

Last July Howard Males, TIF Council Chair, charged the Parking Committee to, "develop creative solutions to 53rd st.'s "parking problem."

Working with Irene Sherr of Community Counsel, the committee has become familiar with the pioneering work of Donald Shoup, an economics professor at UCLA and author of The High Cost of Free Parking.

Shoup argues that the costs of "free parking" are hidden in higher prices of everything else. As a result, "free parking" is wreaking havoc with urban environments and distorts transportation choices.

Several Parking Committee members heard Shoup speak at a recent forum sponsored by the Metropolitan Planning Council (MPC), the Center for Neighborhood Technology, the Congress for the New Urbanism and Metropolis 2020. They found his arguments persuasive.

Shoup argued that municipalities need to:

  1. Charge the "right" price for curb parking, so that about 15% of spaces are vacant, and
  2. Return the increased revenue (generated as a result of charging the 'right' price) to the local community through the establishment of Parking Improvement Districts (PIDS).

Adoption of policies like these helped transform "Old Pasadena" from "skid row" to one of California's premier shopping destinations.

Throughout the country, cities are establishing PIDS to manage their parking inventory and generate revenue for community improvements.

For example, San Diego utilizes its Community Parking district program to manage the distribution of meter revenue for improvements to local business districts. The City retains 55% of the revenue and the local district receives 45%.

Each year the local community develops a plan outlining proposed improvement and programs that address local improvements and parking concerns like: access, mobility, wayfinding, landscaping, valet parking, maintenance and security.

"We hope to work with the Metropolitan Planning Council and the City of Chicago to explore the application of Shoup's principals to 53rd Street." Ilene Jo Reizner, TIF Council Parking Committee, Chair. Top

University to Seek Proposals for 53rd & Harper

Hank Webber, Vice President for Community and Government Affairs at the University of Chicago announced that the University plans to solicit proposals from qualified developers for the 53rd & Harper property.

Based on prior community planning efforts and discussions, the University established the following development objectives for the project:

The University plans to update the community throughout the process.

[TIFormation notes that] The 53rd & Harper property is prime development opportunity in the heart of Hyde Park. Top

What is the Purpose of the 53rd Street TIF District?

A TIF (Tax Increment Financing) district is a development finance tool used to stimulate development in a specific geographic area.

The incremental property tax revenues resulting from any new development, and the appreciation of existing property values in the district, are available for use within the district.

The 53rd Street TIF is unique for two distinct reasons:

Governance: A 13-person Advisory Council appointed by Ald. Preckwinkle serves as a community forum for all projects in the district.

Public Purpose: It was established with the primary purpose of using TIF revenues for public improvements to address:

Typically TIF are uses to help developers with a project that is not viable without some form of additional financial assistance.

There are now over 130 TIFs in Chicago, each of which has a 23 year term. The 53rd st. TIF has generated over $1,000,000 since 2001. Top

Development News & Resources

The Checkerboard Lounge (5201 S. Harper), "Home of the Blues", opened in its new home in Harper Court this past November. The Club features both live blues and jazz music. Howard Males, Chair of the TIF Council, noted that, the Checkerbaord is a welcome addition to Hyde Park' dining and entertainment options.

Metromix describes the Lounge as having a "cozy community feel where you can kick back and listen to the music." Call 773 684-1472 to find out the current program.

Facade Rebate Grants (not loans!) are now available to qualifying Hyde Park businesses or property owners. The program offered by th City of Chicago's Department of Planning& Development provides rebates of up to $40,000. Eligible improvements include facade renovations, exterior lighting, signage, windows, and awnings. Facade Rebate applications are available from SECC and the Hyde Park Chamber of Commerce.

Design Guidelines: Under the City's revised Zoning Ordinance, most of 53rd Street is now classified as a "Pedestrian street." The TIF Council utilizes the condition included in this classification in conjunction with the City's Design Guidelines as a basis for its review of project in the 53rd St. TIF District. Top

Projects in the 53rd st. TIF District [Map]

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The January 2005 issue

Contents:

 

TIFormation brochure Jan 2000 p 1
TIFormation Jan 05 p4

TIFormation Jan 05 p2

TIFormation Jan 05 p3 incl map

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