# Redevelopment agreement with Field Building Revitalization Partners LLC and Downtown Chicago Neighborhood Council NFP to provide tax increment financing (TIF) assistance for mixed-use development at 135 S LaSalle St

[Votes](https://www.chicagopolitics.org/legislation) › [Finance](https://www.chicagopolitics.org/committee/finance)

- Record number: **SO2025-0018762**
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Introduction Date: Jul 16, 2025
- Final Action Date: Sep 25, 2025
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=81ED1C59-5D62-F011-BEC1-001DD80533F0)

## Roll call: Passed Sep 25, 2025

**49 yea, 0 nay, 1 absent.** On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the [City Council meeting of Sep 25, 2025](https://www.chicagopolitics.org/meeting/38ED1657-3463-F011-BEC1-001DD8301D22).

**Yea (49)**: [Daniel La Spata](https://www.chicagopolitics.org/ward/1) (1), [Brian Hopkins](https://www.chicagopolitics.org/ward/2) (2), [Pat Dowell](https://www.chicagopolitics.org/ward/3) (3), [Lamont J. Robinson](https://www.chicagopolitics.org/ward/4) (4), [Desmon C. Yancy](https://www.chicagopolitics.org/ward/5) (5), [William E. Hall](https://www.chicagopolitics.org/ward/6) (6), [Gregory I. Mitchell](https://www.chicagopolitics.org/ward/7) (7), [Michelle A. Harris](https://www.chicagopolitics.org/ward/8) (8), [Anthony Beale](https://www.chicagopolitics.org/ward/9) (9), [Peter Chico](https://www.chicagopolitics.org/ward/10) (10), [Nicole T. Lee](https://www.chicagopolitics.org/ward/11) (11), [Julia M. Ramirez](https://www.chicagopolitics.org/ward/12) (12), [Marty Quinn](https://www.chicagopolitics.org/ward/13) (13), [Jeylú B. Gutiérrez](https://www.chicagopolitics.org/ward/14) (14), [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (15), [Stephanie D. Coleman](https://www.chicagopolitics.org/ward/16) (16), [David H. Moore](https://www.chicagopolitics.org/ward/17) (17), [Matthew J. O'Shea](https://www.chicagopolitics.org/ward/19) (19), [Jeanette B. Taylor](https://www.chicagopolitics.org/ward/20) (20), [Ronnie L. Mosley](https://www.chicagopolitics.org/ward/21) (21), [Michael D. Rodriguez](https://www.chicagopolitics.org/ward/22) (22), [Silvana Tabares](https://www.chicagopolitics.org/ward/23) (23), [Monique L. Scott](https://www.chicagopolitics.org/ward/24) (24), [Byron Sigcho-López](https://www.chicagopolitics.org/ward/25) (25), [Jessica L. Fuentes](https://www.chicagopolitics.org/ward/26) (26), [Walter R. Burnett](https://www.chicagopolitics.org/ward/27) (27), [Jason C. Ervin](https://www.chicagopolitics.org/ward/28) (28), [Chris Taliaferro](https://www.chicagopolitics.org/ward/29) (29), [Ruth Cruz](https://www.chicagopolitics.org/ward/30) (30), [Felix Cardona Jr.](https://www.chicagopolitics.org/ward/31) (31), [Scott Waguespack](https://www.chicagopolitics.org/ward/32) (32), [Rossana Rodríguez Sánchez](https://www.chicagopolitics.org/ward/33) (33), [William Conway](https://www.chicagopolitics.org/ward/34) (34), [Anthony J. Quezada](https://www.chicagopolitics.org/ward/35) (35), [Gilbert Villegas](https://www.chicagopolitics.org/ward/36) (36), [Emma Mitts](https://www.chicagopolitics.org/ward/37) (37), [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (38), [Samantha Nugent](https://www.chicagopolitics.org/ward/39) (39), [Andre Vasquez Jr.](https://www.chicagopolitics.org/ward/40) (40), [Anthony V. Napolitano](https://www.chicagopolitics.org/ward/41) (41), [Brendan Reilly](https://www.chicagopolitics.org/ward/42) (42), [Timothy R. Knudsen](https://www.chicagopolitics.org/ward/43) (43), [Bennett R. Lawson](https://www.chicagopolitics.org/ward/44) (44), [James M. Gardiner](https://www.chicagopolitics.org/ward/45) (45), [Angela Clay](https://www.chicagopolitics.org/ward/46) (46), [Matthew J. Martin](https://www.chicagopolitics.org/ward/47) (47), [Leni Manaa-Hoppenworth](https://www.chicagopolitics.org/ward/48) (48), [Maria E. Hadden](https://www.chicagopolitics.org/ward/49) (49), [Debra L. Silverstein](https://www.chicagopolitics.org/ward/50) (50)

**Absent (1)**: [Derrick G. Curtis](https://www.chicagopolitics.org/ward/18) (18)

## Impact report

> Written by AI from [the official document](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/08169763-14d6-4e4d-a00e-edaefa68f498.pdf). AI can make mistakes; the official document always wins.

The City would give up to $98,000,000 in tax increment financing (TIF) money to help turn the building at 135 S. LaSalle Street into 386 apartments, including 116 affordable units, plus shops and services.

**Who it affects**

- **Low- and moderate-income renters**: 116 of the 386 new rental units (30%) would be affordable to families earning between 40% and 80% of the Chicago-area median income.
- **Market-rate renters**: 270 market-rate rental units would be created, with amenities like a fitness center, outdoor terrace, co-working space, lounge, and parking.
- **Downtown residents and workers in the LaSalle Central area**: About 92,000 square feet of commercial space could include a small grocery store, fitness center, medical services, education, and cultural uses.
- **Field Building Revitalization Partners LLC and Downtown Chicago Neighborhood Council NFP**: They would be named the developer and could receive up to $98,000,000 in TIF funds to pay for part of the project costs.
- **Taxpayers in the LaSalle Central TIF district**: Property tax increment collected in the district would be used to make payments to the developer under the agreement.

**What changes**

- An existing building at 135 S. LaSalle St. would be redeveloped into a mixed-use building.
- 386 rental apartments would be added, with 116 set aside as affordable units.
- New neighborhood services, such as a small grocery store, fitness center, and medical services, could open in the building.
- Two levels of enclosed parking would be built on floors 3 and 4.
- The project would be treated as qualifying under a section of the Municipal Code, and Section 5-11-110 of the Municipal Code would not apply to it.

**Money**

- Up to $98,000,000 in TIF funds paid by the City to the developer to cover part of eligible project costs.
- Incremental property taxes from the LaSalle Central area would be deposited into a special TIF fund used to make payments under the agreement.

**Where**: 135 South LaSalle Street, Chicago, Illinois 60603; LaSalle Central Redevelopment Project Area

**When**: Effective on the date of its passage and approval.

## Timeline

- Jul 16, 2025: Referred, City Council. The matter was Referred to Committee.
- Sep 15, 2025: Substituted, Committee on Finance. The matter was Substituted in Committee.
- Sep 15, 2025: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Sep 25, 2025: Passed, City Council (49 yea, 0 nay), at the [City Council meeting](https://www.chicagopolitics.org/meeting/38ED1657-3463-F011-BEC1-001DD8301D22). On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

## Documents

- [O2025-0018762.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7e01ed6e-5977-493a-a9c5-417c444621c9.pdf) (Legislation)
- [O2025-0018762 Exhibit B - Legal Description.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/2c967bfb-64b6-4c6a-b3a6-b257d41abe74.pdf) (Exhibits)
- [SO2025-0018762 DowntownChicagoNeighborhoodCouncilNFP-EDS\_Rev-Signed-2025-09-10.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/266e4d6f-5872-4f16-ad3d-f143ce3e8b69.pdf) (EDS)
- [SO2025-0018762 Substitute Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/08169763-14d6-4e4d-a00e-edaefa68f498.pdf) (Legislation)
- [SO2025-0018762 Exhibit B Legal Description.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/e4b096d9-dc9f-4f4d-87e9-ba448eb8b5fc.pdf) (Exhibits)
- [SO2025-0018762 Exhibit A Additional Financing Terms.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/81205a74-c8bd-4a66-b624-76c58b698fe7.pdf) (Exhibits)
- [SO2025-0018762 Exhibit C Redevelopmemt Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/934128ba-cacf-4f69-9331-35abc16ec06e.pdf) (Exhibits)
- [SO2025-0018762 C.L. Finance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ef5b1952-22ad-4aa6-ab49-f17497fd9c71.pdf) (Committee Letter)
- [O2025-0018762 Exhibit A - Additional Financing Terms.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/46298d1c-7fe9-4452-bd01-cf4124c1efea.pdf) (Exhibits)
- [O2025-0018762 Exhibit C - Redevelopment Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/46a09689-5f58-4cd4-a1fa-09720c0c01c5.pdf) (Exhibits)
- [O2025-0018762 EDS.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/db829c3d-8cf1-4a78-b515-e5c95f23e8a5.pdf) (EDS)
- [O2025-0018762 Mayoral Transmittal Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/fbd3d779-2e1f-40eb-b425-d71a6dd17ff9.pdf) (Miscellaneous)

## Lobbying and money

> Computed links; money near a vote is not evidence that it influenced the vote.

**Who lobbied on it**

- Field Building Revitalization Partners, LLC: APPLICATION FOR A CLASS L PROPERTY TAX INCENTIVE FOR 135 S. LASALLE (8 filings, Jan 1, 2025 to Sep 30, 2026; Bridget O'Keefe; matched by street address)
- Field Building Revitalization Partners LLC: TIF RDA (4 filings, Apr 1, 2026 to Sep 30, 2026; Mariah Digrino; matched by client named)

## Related legislation

**More from Johnson, Brandon**

- [Executive Order No. 2026-7 (Senior Bill of Rights and Establishing the Mayor's Office on Aging)](https://www.chicagopolitics.org/matter/F2026-0029547-executive-order-no-senior-bill-rights) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
- [Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance)](https://www.chicagopolitics.org/matter/O2026-0029650-issuance-general-obligation-bonds-general-obligation) (O2026-0029650, introduced Oct 21, 2026, Referred)
- [Fiscal Year 2027 Budget Recommendations](https://www.chicagopolitics.org/matter/O2026-0029642-fiscal-year-2027-budget-recommendations) (O2026-0029642, introduced Oct 21, 2026, Referred)

**More on Agreements**

- [Redevelopment agreement with Oak-Larrabee LLC to provide tax increment financing (TIF) assistance for development of property at 955 N…](https://www.chicagopolitics.org/matter/O2026-0029418-redevelopment-agreement-oak-larrabee-llc-provide) (O2026-0029418, introduced Oct 14, 2026, Referred)
- [First amendment to redevelopment agreement with 1539 N. Pulaski Road HHDC LP, 1539 N. Pulaski Road Charitable Corporation and Hispanic…](https://www.chicagopolitics.org/matter/O2026-0029408-first-redevelopment-agreement-1539-n-pulaski) (O2026-0029408, introduced Oct 14, 2026, Referred)
- [Redevelopment agreement with North Lawndale Catalyst Initiative NFP to provide tax increment financing (TIF) assistance for development of…](https://www.chicagopolitics.org/matter/O2026-0028748-redevelopment-agreement-north-lawndale-catalyst-initiative) (O2026-0028748, introduced Sep 23, 2026, Passed)

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Source: https://www.chicagopolitics.org/matter/SO2025-0018762-redevelopment-agreement-field-building-revitalization · Chicago Politics, an independent tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt