$425 Million in TIF Approved for Public Infrastructure at The 78

An amendment to the public infrastructure agreement for The 78 mega-project on the Near South Side was approved by City Council today to more directly align with the 62-acre site's redevelopment needs.

Up to $424.9 million in Tax Increment Financing (TIF) support will reimburse developer Roosevelt/Clark Partners LLC for eligible construction costs involving portions of LaSalle, 13th, 14th and 15th streets; improvements to portions of Wells and Clark streets and Roosevelt Road; upgrades to on-site Metra tracks; river wall improvements along the South Branch; an approximately 1,200-space, below-grade parking structure that will be owned and operated by the City of Chicago; and publicly accessible open space.

The proposed TIF funding will be provided from the Roosevelt/Clark TIF district, including ported funds from the Canal/Congress TIF district, with developer reimbursements occurring during each construction phase.

Roosevelt/Clark Partners LLC is led by Related Midwest.

In September 2025, City Council approved a revised plan for The 78 that includes a privately financed 22,000-seat Chicago Fire soccer stadium that broke ground this spring, along with amended infrastructure provisions.

The previous public infrastructure agreement - adopted in 2019 and amended in 2022 - provided up to $453.7 million in TIF-funded developer reimbursements.

Future phases of The 78 include up to 10,000 planned residential units, retail, office and institutional uses within the $8 billion project.

The site, vacant for approximately 50 years, was previously occupied by a rail yard.