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

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

The $424.9 million in proposed Tax Increment Financing (TIF) support would 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 would be owned and operated by the City of Chicago; and publicly accessible open space.

The proposed TIF funding would be provided from the Roosevelt/Clark and Canal/Congress TIF districts, 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 current public infrastructure agreement - adopted in 2019 and amended in 2022 - provides 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.