Overview
- The City Council Finance Committee voted to advance roughly $424–425 million in tax‑increment financing for infrastructure around The 78, a move approved in committee on Monday and sent to the full council for a final vote.
- The privately financed $750 million Chicago Fire stadium is under construction and expected to open in 2028, but the TIF money will fund public work needed to make the site buildable.
- About $216 million to $250 million of the package is earmarked for a 1,200‑space city‑owned underground parking garage that will form a podium for future development and a public plaza.
- The financing relies on a proposed transfer of roughly $287 million over eight years from the Canal/Congress TIF district into the Roosevelt/Clark TIF, a shift critics say strips resources from other projects.
- Aldermen, labor representatives and neighborhood groups objected to the scale and priorities of the subsidy, complained that a promised Red Line station was removed, and warned the shift could delay local maintenance and community needs while supporters say the work unlocks future housing and private investment.