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New 40th Ward Park at Rosehill

September 9, 2011 - 12:55pm — Barry Aldridge

The City just announced that it will buy 20.5 acres of unused land at Rosehill Cemetary (Alderman O'Connor's ward), along Western at Peterson, to turn into a nature center. The purchase price is $7.8 million, about $380,000 an acre - which seems like a bargain. The purchase and renovation of the land will be paid for with TIF funds. As much as I support new park land in the city, I'm still unsure this qualifies as something we should be spending TIF money on. But, because of the way our TIF's are set up, we taxpayers have no say in how the money gets spent.

Comments

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September 11, 2011 - 2:50pm — Sandra Verthein

Though I agree

about the funding method, this park could be a great amenity for the neighborhood and a great educational opportunity for schools in area.