Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | LinkedIn
Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | LinkedIn
A vacant five-story building in North Lawndale has been approved by the City Council for up to $10 million in Tax Increment Financing (TIF) assistance for its commercial redevelopment. The $40.5 million project, led by the Steans Family Foundation, will renovate the approximately 100-year-old building at 4100 W. Fillmore St., which will be renamed the Fillmore Center.
Tenants are expected to include a commercial laundry, a coffee roaster, and a wholesale flower distributor, among other businesses. The 168,000-square-foot project is anticipated to create 175 full-time jobs when fully occupied.
The City’s TIF program utilizes new property tax growth within designated districts to support public and private investment within their boundaries.
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