East 39th Street Commercial Corridor Plan by Chris Devins

chrisdevins

Street Commercial Corridor Plan is a comprehensive commercial real estate development plan that envisions the future of the East 39th Street Commercial
Corridor and the surrounding 2 mile trade area in Chicago, based on current demographic, real estate market, zoning, land use, political and commercial business data. For more visit Chris Devins Creative on the web. https;//chrisdevinscreative.com

IMPLEMENTATION

Enterprise Zone 2

The East 39th Street commercial corridor

is also located in Enterprise Zone 2.

Administrated by the city’s Department

of Housing and Economic Development,

the objective of the zone is to help companies

create jobs for Chicago residents.

Incentives include sales tax exemptions,

property tax reductions, finance assistance,

real estate tax exemptions and

others. This will prove useful to developers

and businesses along the corridor

as its future takes shape. Specifically,

funds from this Enterprise Zone should

be tapped in Phase 1 to help make façade

improvements to the existing retail

buildings on the corridor and to beautify

the streetscape, both of which meet the

objectives of the zone as stated above.

The corridor enhancements will help

attract businesses to the corridor, which

will lead to the hiring of Chicago residents.

Possible Additional Funding

Sources and Programs

In addition to City, State and Federal

funds already described for streetscape

improvements and redevelopment actions,

there are additional resources,

mostly designed for use by communitybased

organizations that could be

employed to implement small-scale

Figure 25 Bronzeville TIF 61

Source: City of Chicago

projects consistent with the recommendations

contained in this Plan.

Funding and technical assistance for the

community identity mural and billboard

program could come from:

• Chicago Public Art Group: The

Group works with communities

and businesses to design and

implement community murals.

• In April of 2009, Clear Channel

announced a commitment to

local community affairs spanning

several areas including charitable

partnerships, local public affairs

programming and local advisory

boards. ClearChannel Communications

owns the billboards

in the area and has a stake in

the success of Bronzeville. They

could be convinced that in order

to keep advertising the latest

hip-hop artists and other products,

a giveback of free or reduced

billboard space would be

good for public image.

Part of the funding to clean up and establish

gardens in the open spaces could

come from the EPA Environmental Justice

(EJ) Small Grants Program. EJ grants

fund projects involving environmental

cleanup, gardens, education and training.

These could be used with other

implementation tools, including floor

area bonuses, to beautify the corridor.

Floor Area Bonuses

Chicago’s Zoning Ordinance contains

provides economic incentives for developers

to provide public amenities that

improve the quality of life for residents

and visitors. One incentive, the floor

area bonus, could be used to build more

public plazas and to increase the number

and quality of local parks, as suggested

in the recommendations. Chapter

17-4-1000 of the Zoning Ordinance

contains application information and

bonus tables.

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