Redevelopment agreement with Roosevelt/Clark Partners LLC to provide tax increment financing (TIF) assistance for development of parking facility related to The 78 project
- Record number: SO2026-0026275
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduced: Jun 17, 2026
- Final action: Jul 15, 2026
- Official record: Office of the City Clerk
Roll call: Passed Jul 15, 2026
44 yea, 5 nay. This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Jul 15, 2026.
Nay (4): Daniel La Spata (1), Brian Hopkins (2), William Conway (34), Brendan Reilly (42)
Yea (42): Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Anthony J. Quezada (35), Gilbert Villegas (36), Emma Mitts (37), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Timothy R. Knudsen (43), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)
Not voting (1): Bennett R. Lawson (44)
Former members who voted: Jeylu B. Gutierrez (Yea), Byron Sigcho-Lopez (Nay), Rossana Rodriguez Sanchez (Yea)
Plain-language summary
Written by AI (@cf/openai/gpt-oss-120b) from the ordinance text only: SO2026-0026275 Substitute Ordinance.pdf. AI can make mistakes; the official document always wins.
The City Council approved a redevelopment plan that lets Roosevelt/Clark Partners build a two-story parking garage with about 1,220 spaces near the new stadium and The 78 project. After it is built, the City will own the garage for $1 and use future tax revenue to pay for the construction and related consulting work.
- The ordinance creates a tax-increment financing (TIF) plan for the Roosevelt/Clark Redevelopment Area to fund a new parking facility.
- The developer will construct a two-story garage with roughly 1,220 spaces, a rooftop plaza, and pedestrian access to the stadium.
- When construction is finished, the developer will transfer the parking parcel to the City for a $1 fee, giving the City ownership and revenue rights.
- The City can spend up to $243,757,472 in incremental taxes on eligible project costs and up to $350,000 on consulting services.
- The project includes additional improvements like river-wall work, street extensions, and public open space.
Money
- $243,757,472 – payment to the developer for eligible redevelopment project costs.
- $350,000 – payment to Walker Consultants for construction-management and consulting services.
- $1.00 – fee paid by the developer to the City for the transfer of the parking parcel.
Who: The City, local residents, visitors to the stadium, and the developer will be affected, with the City receiving ownership and revenue from the parking facility.
Where: Roosevelt/Clark Redevelopment Area, west of Clark Street, south of Roosevelt Road, east of the Chicago River, north of 18th Street, adjacent to the Chicago Fire Stadium.
Timeline
- Jun 17, 2026: Referred, City Council
- Jul 13, 2026: Substituted
- Jul 13, 2026: Recommended to Pass, Committee on Finance
- Jul 15, 2026: Passed, City Council
Documents
- O2026-0026275 Ex B RDA with subex A thru F, G-1, G-2, H and I.pdf (Exhibits)
- O2026-0026275 Mayoral Letter.pdf (Miscellaneous)
- O2026-0026275 Ordinance.pdf (Legislation)
- O2026-0026275 Ex A Site Plan.pdf (Exhibits)
- SO2026-0026275 Substitute Ex B RDA with subex A thru F, G-1, G-2, H and I.pdf (Exhibits)
- SO2026-0026275 Substitute Ordinance.pdf (Legislation)
- SO2026-0026275 Substitute Ex A Site Plan.pdf (Exhibits)
- O2026-0026275 EDS_Redacted.pdf (EDS)
- SO2026-0026275 Committee Letter.pdf (Committee Letter)