Summary
A new TID supports a $50.7 million redevelopment of the long-vacant former Doctors Hospital campus into 124 affordable senior units, with 14 for veterans and 18 supportive housing units.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jun 2, 2026.
Impact analysis
A $50.7 million private investment with up to $2.6 million in developer-financed TID assistance at 2% over up to 25 years.
Low-income seniors, veterans, and the Near West Side neighborhood around 27th and Wells.
Mentions & discussions (3)
COMMON COUNCIL — June 2, 2026
A new tax incremental district downtown at 2711 West Wells was created with a project plan and development agreement, using tax increment to support development.
COMMON COUNCIL — May 12, 2026
A proposed new TID in the 4th District was sent back to committee over a Redevelopment Authority timing issue, delaying downtown-adjacent development incentives.
ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE — May 5, 2026
A new TID supports a $50.7 million redevelopment of the long-vacant former Doctors Hospital campus into 124 affordable senior units, with 14 for veterans and 18 supportive housing units.
Related development
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