The Kostner Avenue TIF District

Benefitting South Lawndale

Kostner Avenue TIF Overview

The 51-acre Kostner Avenue TIF is intended to foster
Kostner Avenue TIF At-A-Glance
rehabilitation of the district’s few existing buildings for either
industrial or commercial use. It’s also intended to alleviate
AUTHORIZED 2008
residential overcrowding within the Little Village community by
promoting mixed-income and mixed-density housing
EXPIRES 2031
alternatives, including rental units for market-rate, affordable
and low- and very-low income families, and for-sale units at TOTAL NET BALANCE N/A *
market rate and affordable prices. New residential projects are (INCLUDES FUNDS FOR
intended to incorporate designs that reflect the surrounding FUTURE PROJECTS) FY08
neighborhood with consistent front yard setbacks and building
heights, street orientation, rear parking and limited curb cuts. REVENUE COLLECTED, FY08 N/A *
Other priorities include improvements to street surface
conditions, street lighting and traffic signalization, and the TOTAL EXPENDITURES, FY08 N/A *

installation and upgrading of public utilities where appropriate.

Relocation assistance, day care and job training are also RATIO OF PRIVATE TO PUBLIC N/A *
INVESTMENT WITHIN TIF
supported by the TIF.
The estimated gross eligible project costs over the life of the
RECENT REDEVELOPMENT N/A
district is $55 million.
PROJECTS

UPCOMING REDEVELOPMENT N/A

PROJECTS

ESTIMATED ASSESSED VALUE $4.8 million

IN TIF AREA, 2006

ESTIMATED ASSESSED VALUE $113 million

IN TIF AREA, 2031
*During 2008, no
financial activity or
cumulative deposits over
$100,000 occurred in the
project area. Therefore,
no audited statements
were prepared pertain-
ing to the Special Tax
Allocation Fund for the
project area.

SOURCE: 2008 Plan & Project. For copy of full report and audited financial
statement, contact the Department of Planning and Development.
Expenditures by Type, FY 2008

During 2008, no audited financial

activity occurred in the area.

Department of Planning &

Development
121 N. LaSalle St., Room 1000
Chicago, IL 60602
PHONE: 312.744.4389
FAX: 312.744.2271
www.cityofchicago.org/dpd