Chicago Committee on Finance Approves Multiple TIF Projects and Legal Settlements on September 15, 2025
At a glance
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The Chicago Committee on Finance approved tax increment financing (TIF) agreements for redevelopment projects including After School Matters Orleans Teen Center, Steep Theatre Company, Clark Adams Building, and Field Building adaptive reuse. The committee also authorized settlement payments totaling over $90 million in police misconduct cases and addressed small claims and charitable solicitation permits. A Senior Bill of Rights ordinance was re-referred to joint committees.
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Key decisions
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- Approved TIF funding up to $5,000,000 for After School Matters Orleans Teen Center (27th Ward).
- Approved TIF funding up to $3,868,535 for Steep Theatre Company theater and community space (48th Ward).
- Approved TIF funding up to $67,500,000 for Clark Adams Building improvements (34th Ward).
- Approved TIF funding up to $98,000,000 for Field Building adaptive reuse (34th Ward).
- Authorized settlement payments in four legal cases totaling approximately $90,825,000.
- Approved July and August 2025 Monthly Rule 45 Reports for the Committee on Finance and its Subcommittee on Revenue.
- Authorized payment and denial of various small claims against the City of Chicago.
- Authorized a charitable solicitation permit for The Salvation Army North & Central Illinois Division from November 1 to December 24, 2025.
- Re-referred ordinance establishing a Senior Bill of Rights to Joint Committee on Housing and Real Estate and Committee on Budget and Government Operations.
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Meeting information
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Committee on Finance
Written Public Comment Deadline: September 12th, 2025, 10:00 AM
Agenda
Agenda items not available.
Documents from this meeting
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/15d1a3ab-446a-4539-824c-fc36dbdd1a31.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/f9155dd9-2f67-f011-bec1-001dd80de488.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/a8091473-a847-49a3-8f29-20549ff76265.pdf
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