City of Chicago Committee on Finance Meeting Summary May 2026
Blackwood Development included in amended United Yards deal
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Description
The First Amendment to the United Yards 1B redevelopment agreement was approved with Blackwood Development Partners LLC as a party, adjusting the disbursement structure for up to $1,813,375 in TIF assistance at 4700 S. Ashland Avenue. The amendment fine-tunes funding releases while continuing support for the project.
Contract Details
Contract Amount
Amount not to exceed: $1,813,375
Vendor
BLACKWOOD DEVELOPMENT PARTNERS LLC
Agency
Chicago Department of Aviation, IL
Contract Type
FACILITIES
Document Date
May 20, 2026
Renewal Info
First Amendment modifies disbursement structure of existing TIF-funded redevelopment agreement for United Yards 1B; overall not-to-exceed TIF amount remains $1,813,375.
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City of Chicago Committee on Finance Meeting Summary May 2026
City of Chicago Committee on Finance Meeting Summary May 2026
City of Chicago Committee on Finance Meeting Summary May 2026
City of Chicago Committee on Finance Meeting Summary May 2026
City of Chicago Committee on Finance Meeting Summary May 2026
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