TIF Profile: Devon/Sheridan

District Map

Date TIF Created: 3/31/2004 Termination Date: 3/31/2027 Size: 70 Acres

TIF Plan Consultant: S.B. Friedman & Associates

TIFWorksELIGIBLE

Ward(s): 40, 49

Land Use:

Schools: None
Community Area(s): Rogers Park
Initial EAV: $46,497,463.00
Current EAV (2004): $53,244,279.00
Fund Balance (2004): $0.00
Total Increment to Date (2004): $438,284.90

Total TIF Increment and EAV by Year
Year EAV Increment
2004 $53,244,279.00 $438,284.90
Total Increment to Date (2003): $438,284.90

Estimated TIF Redevelopment Budget
Project Type Amount
Professional Services/Administration $7,000,000.00
Property Acquisition, Site Prep, Demolition, Environmental $4,200,000.00
Rehabilitation of Existing Buildings $13,300,000.00
Public Improvements $15,400,000.00
Relocation Expenses $500,000.00
Job Training $2,500,000.00
Financing/Interest Subsidy $17,700,000.00
Day Care $1,000,000.00
Eligible New Construction (Affordable Housing) $7,200,000.00
Total: $68,800,000.00