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11 Σεπ 2024 · Map of the Pilsen with TIF boundaries. The existing Pilsen Industrial TIF (now set to expire in 2034) and the proposed boundary expansion. Credit: Provided by: Department of Planning and Development.
The Pilsen Industrial Corridor Tax Increment Financing (TIF) district would be expanded to increase financial support for Lower West Side property owners and small businesses under a proposal introduced to City Council today by Mayor Brandon Johnson.
FACT: Approximately half of the properties on 18th Street and one-third of the properties within the broader district are owned by entities that do not live in Pilsen. FACT: Sixty other City landmark districts are successfully protecting the historic character of thousands of Chicago buildings.
17 Σεπ 2024 · PILSEN — A proposed expansion of Pilsen’s tax-increment financing district has temporarily stalled as a vote on the controversial effort was pushed back at least one month. The City Council’s Committee on Finance deferred a vote on the proposal Monday at the request of Alds.
27 Σεπ 2024 · Scroll the map below to see the current and proposed Pilsen TIF district boundaries. Use the layer function on the right to toggle district boundaries on or off and get a better look at a...
4 Φεβ 2023 · New condos are being built along with the conversion of old factory building, although new construction in the rest of the community is rather sparse (see Mumm and Sternberg 2022). Currently, Pilsen has one of the lowest rate of owner-occupancy at 30.8% (CMAP 2021a).
30 Σεπ 2024 · Under his proposal, the Pilsen TIF district would grow by more than 685 acres, capturing nearly $1 billion in property tax revenues over the next decade, a significant increase from the $115 ...
