Public buildings
Foundry Park Public Infrastructure Program
North Branch of the Chicago River near Southport Avenue and Cortland Street, Chicago, Illinois
Project overview
A public-infrastructure program supporting the planned 31-acre Foundry Park mixed-use district. Chicago approved tax-increment-financing reimbursements for new roads, utilities and open space intended to enable later residential and commercial development.
- Scope
- New public roadways, utilities and open-space amenities across the 31-acre site
- Project type
- Mixed-use district public infrastructure
- Reported investment / scope
- Up to $201.6 million in approved public-infrastructure TIF reimbursements; overall private development described as $3 billion
- Funding sources
- Tax-increment financing reimbursements as eligible infrastructure components are completed
- Delivery method
- Developer-delivered infrastructure with City reimbursement
Organizations involved
- Owner / developer
- City of Chicago; JDL Development and Kayne Anderson
- Developer
- Not available
- Engineering firm / architect
- Not available
- General contractor / construction manager
- Not available
- EPC contractor
- Not available
- Technology / equipment providers
- Not available
- Financial sponsor
- Not available
- Other recorded participants
- City of Chicago Department of Planning and Development; Chicago City Council; JDL Development; Kayne Anderson
Business opportunities
Not verified
- Current procurement record
- Not available
- Upcoming procurement
- Not available
- Contract / package value
- Not available
- Supplier / subcontractor opportunities
- Not available
- Workforce requirements
- Not available
Check official project / procurement portal ↗
A project listing is not an open solicitation. Check the source for eligibility, current status, closing time and addenda.
Timeline & key dates
- Expected procurement
- Not available
- Construction start
- Not available
- Estimated completion
- Not available
- Dated milestones
- 2026-09-25 — City announced approval of $201.6 million in TIF support for public infrastructure.
- Permitting
- Chicago City Council approved the infrastructure funding package in September 2026.
- Recent project updates
- 2026-09-25 — Funding approval advanced the roads, utilities and open-space program into implementation planning.
- Challenges / risks
- Reimbursements depend on eligible infrastructure components being completed; construction schedule was not stated in the approval announcement.
Related intelligence
No verified record associations have been entered for this project yet.
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Additional project record
Sector: Public Buildings & Civic Infrastructure
Stage: Planning
A public-infrastructure program supporting the planned 31-acre Foundry Park mixed-use district. Chicago approved tax-increment-financing reimbursements for new roads, utilities and open space intended to enable later residential and commercial development.
Latest verified milestone
Chicago announced City Council approval on September 25 for up to $201.6 million in TIF reimbursements tied to roads, utilities and open-space work.
View the official project source
Project record reviewed October 1, 2026. Dates and status reflect the cited public source and may change.
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