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Franklin Park planners outline Downtown Franklin Avenue redevelopment, propose new TIFs and plaza
Summary
Village planners presented preliminary plans to brand Downtown Franklin Avenue as a regional destination, proposing a new plaza, murals, pedestrian underpasses and two TIF districts to spur development; staff said TIFs would not change residents' tax bills.
Village planners on March 4 presented a preliminary vision to redevelop Downtown Franklin Avenue that includes a new plaza, public murals, pedestrian and vehicle underpasses, and two proposed tax-increment financing (TIF) districts to spur private investment.
Rudy Repa, Senior Planner, and Paul Mizner, Village Planner, told the Zoning Board of Appeals that the plan aims to attract new residential development, create a unified downtown brand (including historical interpretation and a logo) and position Franklin Park as the "Downtown of the Inner West Suburbs" by improving shopping, housing, transit and public trails.
The presenters outlined specific public-realm projects: a…
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