It Ain't All Big Hair and Cadillacs

48TH WARD ZONING and PLANNING VOTES TO SUPPORT TIF

On June 27th, the 48th Ward Zoning and Planning Committee voted in support of the Edgewater TIF. The establishment of a new Tax Increment Finance District was recommended by Alderman Mary Ann Smith. The Committee first voted to establish an oversight committee on all 48th Ward TIFs.

The first TIF expense will be to renovate the 190 units of low income housing for seniors at Hollywood House. The proposed cost for this renovation will be over $6 million dollars.

The Edgewater TIF is generally bounded by Rosemong Avenue on the north to Ainslie on the south, running principally along the frontage of Broadway on the west to Sheridan and Marine Drive on the east.