Board Bill Number 183 Votes | Session 2019-2020

4500 - 4540 Swan Redevelopment Plan

Board Bill

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4500-4540 Swan Ave. and 1305 & 1305R South Taylor Ave. Redevelopment Area. This Board Bill will allow 4540 Swan Ave. and 1305 & 1305R South Taylor Ave. to have 10 years of tax abatement based on 75% of the assessed value of the incremental improvements The project consists of two industrial buildings in the Forest Park Southeast neighborhood. The prospective redeveloper proposes demolishing the buildings and constructing an apartment building. The apartment building will have 307 units, 1,450 square feet of commercial space and 381 parking spaces. The acquisition cost for all four parcels is $4.5 million, and construction costs are estimated at $55 million.

View Board Bill 183 details

03/06/2020 Final Passage Vote Results

This board bill was part of a consent vote along with BB 173, BB 182, BB 183, BB 185, BB 188, BB 202, BB 207

Noes (0)

No "no" votes recorded

Did Not Vote (1)

Ward Alderman
16 Tom Oldenburg

Abstain (0)

No aldermen abstained from vote

Present (0)

No "present" votes recorded

Absent (0)

No aldermen absent for vote

Vacant Seat (2)

Ward
4 Seat is vacant
12 Seat is vacant

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