Quote of the day: This is what TIF funds are for

“This is exactly what TIF funds and city incentives should be used for. There’s no question. We’re talking about a blighted area [on] the verge of being redeveloped. I think the city recognized that it was important to invest in high-quality product.”

-G. Benjamin Ranney, a principal with Terra Firma Co., on his firm’s development in East Garfield Park.

Kedzie GreenLife, a 30-unit green development in the works at 3148 W Lake St, was recently approved to receive about $2.5 million in city funds. Look for more on the project in New Homes Magazine‘s March 2008 issue.

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