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Originally Posted by ardecila
^ What do you mean, old TIF and new TIF? As I understand it, the land around Lincoln Yards has not previously been in a TIF. There are two existing TIF districts along the river south of North Ave... Emanuel just got greenlighted by Springfield to extend the life of those TIFs, but my understanding is that those TIFs will be used for projects unrelated to Lincoln Yards, like new bridges at Division and Chicago, new pedestrian bridges at Blackhawk and Ogden, and various streetscaping/intersection projects, as well as streets and parks for River District.
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That's the Goose Island TIF. There are two existing TIFs that cover this area. The North Branch South that covers up to Cortland and the North Branch North that covers beyond that. Although the actual Finkl site was cut out but that is only 15 of the 54.5 acres of the site. Both sunset in a few years.