Site / Project Name |
74th and Ashland |
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Brownfield Site Address |
1700 West 74th Street, Chicago, Illinois |
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Site Owner |
Private |
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Clear Title |
No |
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Owner Contaminator |
No |
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Former Use |
Steel Plant |
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Land Use |
As of January 2016, the site is vacant. |
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Infrastructure |
Norfolk Southern rail runs behind the building and at one time trains were loaded in the building. The proximity to CTA stops for #9 Ashland, #75 75th Street and #94 Damen buses are one block. Access to 80/94 expressway is less than 0.5 miles. New development in the area includes a WalMart market |
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Assessment Level |
None |
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Contaminants |
Lead, asbestos |
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Cleanup Program |
No |
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Remediation |
No |
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Developer |
Yes |
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Future Use |
Commercial |
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Financing Tools: Federal Programs |
TBD |
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Financing Tools: State Programs |
Environmental Remediation Tax Credit, llinois Municipal Brownfields Redevelopment Grant Program, Illinois Redevelopment Grant Program, Illinois Brownfields Redevelopment Loan Program |
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Financing Tools: Funds Committed |
No |
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Challenges |
Financing; Adopting a Redevelopment Plan for the site |
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Technical Assistance |
Tax Increment Financing; New Markets Tax Credits; Bonds |
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