CHICAGO (WBBM NEWSRADIO) - Mayor Lightfoot’s plan to use Tax Increment Financing to restore the historic Congress Theater in Logan Square hit a snag in the City Council.
The nearly 100-year-old theater, which is on the National Register of Historic Places, would get $27 million in TIF funding, repurposing tax dollars within certain boundaries, to help with completion of a nearly $90 million dollar restoration.
When the proposal was introduced, Ald. Susan Sadlowski-Garza, whose ward is nowhere near the theater, sent it to the Rules Committee, essentially a graveyard, where ordinances go to die.
She told Block Club questions remain over whether the new Congress Theater will generate “quality” jobs.
Ald. Daniel La Spata (1st), whose ward includes the theater, said they should be quality jobs and he’s “confident” that will happen.
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