McMobil on TIF agenda

On Wednesday, Jan. 30 the 53rd Street TIF Advisory Council will meet at 7 p.m. at Kenwood High School, 5015 S. Blackstone Ave. The committee will discuss the University of Chicago’s redevelopment of the vacant lot next to the Mobil gas station on 53rd Street, commonly called the McMobil site. It will also discuss the $11 million in funding Antheus Capital had presented to the board at the last meeting. The funds would be used to help finance the construction of City Hyde Park on the former Village Shopping Center site.
Antheus will also report on traffic flow modifications for City Hyde Park. There will be discussions on a Special Service Area, potentially reopening Harper Avenue and an enterprise zone.