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Chicago Public Schools

Emanuel proposes $20 million in TIF money for Payton College Prep

Emanuel proposes $20 million in TIF money for Payton College Prep

A long-planned expansion to Walter Payton College Prep High School would be largely financed with $20 million from tax-increment financing districts under a proposal from Mayor Rahm Emanuel's office. The money would go toward a three-story addition — including 16 classrooms, a black box theater, administrative space, a student cafe and gymnasium — that would allow the enrollment of 400 additional students at the Near North Side selective enrollment school. The funding for expansion of Payton was included in a handful of TIF-funded public school improvement projects the mayor introduced to the City Council on Wednesday. Emanuel and city officials first announced the...

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