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TIF funds used for Berwyn improvements

From the CTA Tattler blog:
A good use of TIF: Funds to cover Berwyn station fixup

The CTA once again is tapping a local TIF fund to pay for station improvements, this time at the Red Line Berwyn station.

The CTA is entering into anagreement with the city to receive $1,173,768 in Tax Increment Financing (TIF funds) for station improvements made at the Red Line Berwyn station. CTA this year made improvements at the Berwyn station, which is located within the City’s Edgewater TIF District. The work performed was a TIF-eligible expense.

Says a CTA spokesperson: “The agreement would allow CTA to be reimbursed through TIF funding and free up scarce capital resources to improve other parts of the system and helps the agency continue to move toward its goal to reach a state of good repair.

Specific improvements included:

  • Replacing the canopies and lighting.
  • Repainting the canopy support columns.
  • Replacing the plaster columns and installing new ceilings.
  • Installing concealed gutter systems inside the stationhouses.

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