Chicago has many citywide and local place-based plans with stated goals for the built environment. Some are municipal; others are nonprofit driven. They prioritize public and private capital investments, provide important context for those investments and help determine how a community should grow and where development should occur.
Planning Context: The Peterson-Pulaski Industrial Corridor is home to 22 small to midsized companies that collectively employ approximately 1,900 people. The City of Chicago has invested several million dollars in infrastructure improvements during the last decade, upgrading viaducts, streets, street lighting, traffic control and adding new median planters and a dedicated bikeway. Between 1999 and 2005, the site lost more than 2,000 employees as businesses restructured, relocated or closed. The City of Chicago created a 169-acre Tax Increment Finance (TIF) district within the corridor in 1999. At the time of the TIF district’s creation, 64% of the buildings were 35 years old or older, 53% of the buildings could be considered obsolete and 82% of the buildings or site improvements showed depreciation of physical maintenance. [Excerpted from Summary of North Central District Plans]