Chicago City council approves $31 million in TIF funds for Sinai Health Systems plan

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Sinai health Chicago

The City of Chicago is supporting Sinai Health System’s plans to expand and improve health care for thousands of Chicagoans on the west and south sides.

The city council recently approved $31 million in TIF (Tax Increment Financing) funds to support a multifaceted redevelopment initiative.

The $100 million Sinai project includes several major components: expansion and renovation of outpatient care facilities; construction of a new 24-bed behavioral health unit offering both inpatient and outpatient treatment; and renovation and modernization of patient rooms at Mount Sinai Hospital, converting them from semiprivate to private.

Additional components include relocation and renovation of labs and offices, and related infrastructure improvements.

The redevelopment project is expected to create about 250 construction jobs and 54 permanent jobs on the west and south sides. The project will also preserve 2,500 permanent jobs.

See the news release here.

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