Chicago Metropolitan Agency for Planning Policy Brief December 2025
Chicago Riverwalk expansion backed by TIFIA loan
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Description
The City of Chicago secured a $98.7 million TIFIA loan to finance expansion of the Chicago Riverwalk, with the 35-year repayment funded by revenues from vendor contracts and concessions such as tour boat fees and retail leases. The federal loan structure lowered borrowing costs and enabled timely project delivery.
Contract Details
Contract Amount
$98.7 million TIFIA loan
Vendor
CITY OF CHICAGO
Agency
Chicago Metropolitan Agency for Planning, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 1, 2025
Contract Term
35-year repayment period
Renewal Info
Loan amortizes over 35 years; renewal or refinancing is not discussed.
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