Dossier
TIF subsidy
Coverage of TIF subsidy in the Nexus archive.
- Mayor Johnson proposes $425M TIF subsidy for the 78
Mayor Brandon Johnson proposed a $425 million tax increment financing subsidy to develop the 78, a South Loop site for Joe Mansueto's Chicago Fire stadium and infrastructure projects. The subsidy includes funding for an underground parking garage, road improvements, and Metra upgrades, with the mayor's request being $25 million less than a prior $450 million proposal.