The Uptown neighborhood in Chicago's north east side has been undergoing myriad changes over the past few years. Along with a major revitalization of Clark Street from Foster to Montrose, a small Uptown playlot has received a $1,000,000 TIF grant to improve and modernize. The following article from the Chicago Park District explains:

"The Chicago Park District's Board of Commissioners voted today and approved to enter into intergovernmental agreements with the City of Chicago that accepts the transfer of $31,602,000 in tax increment financing (TIF) funds for the reimbursement of funding for various park projects.

The City of Chicagois authorized under the provisions of the Tax Increment Allocation Redevelopment Act to finance projects that eradicate blight conditions and conservation factors that could lead to blight through the use of tax increment allocation financing for redevelopment projects. The City of Chicago has set aside TIF funds in certain TIF districts for the acquisition, development or enhancement of existing parks."


Buttercup Park, 4901-03 N. Sheridan Rd.
TIF funds: $1,000,000
TIF: Hollywood/Sheridan
Purpose: playground
Neighborhood: Uptown Community Area (48th Ward)

click here for the full list of parks who have received TIF funding to promote revitalization!