By LORRAINE SWANSON, Editor
Is Uptown in line for a new TIF district? That’s one of the ideas being tossed around to fulfill a developer’s request for TIF money to redevelop the former Columbus-Maryville Academy campus at 810 W. Montrose Ave.
John Wyman, president of the Clarendon Park Neighborhood Association, shared details of a proposal to carve a new separate TIF district from the existing Wilson Yard TIF District to help fund the private $500 million private development. A $7 million loan would immediately be withdrawn from the new TIF to go toward renovating the Clarendon Park field house. The Wilson Yard TIF District comprises 34 blocks all within the 46th Ward that ends on the west side of Clarendon Avenue.
Wyman said that a working group of residents most directly affected by the proposed Maryville redevelopment has been meeting with developer Sedgwick Properties and Ald. Helen Shiller (46th Ward). Read the rest of the story here.And another related story is running, too:
On the Record — More on the Maryville Development