The Chicago Community Development Commission on Tuesday approved providing $4.6 million in Tax Increment Financing money to Swedish Covenant Hospital on the city's Northwest Side for the construction of a women’s health center and renovations of emergency facilities.
At last month’s CDC meeting, commissioners green lighted the creation of the Foster/California TIF district, a special property taxing area concocted solely to generate funds to cover improvements of the 128 year-old nonprofit hospital.