ULI Chicago conducted a Technical Assistance Panel in February 2010 evaluating the future of the historic Rosenwald Apartments recommending two options for redevelopment using TIF as one means of partial funding.  As of last week, the first step in redevelopment is in place.

Aldermanic Office of the Third Ward Press Release (October 13, 2013) – For Immediate Release Contact: Kevin Lampe 312.617.7280

Rosenwald Courts Apartments Approved by City of Chicago Finance Committee

The long awaited rehabilitation of the historic Rosenwald Building located at 4600 South Michigan Avenue in the 3rd Ward moved closer to reality with the passage of an ordinance authorizing the use of $25 million in tax increment financing (TIF) funds and $58.6 million in loans at the Finance Committee meeting of October 11, 2013.  Read Full Press Release

Read ULI Chicago’s TAP report Rosenwald Apartments:  Evaluating the Future of a Community Legacy