DOCSLIB.ORG

Sales Tax Bonds Series 2020B

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sales Tax Bonds Series 2020B NEW ISSUE – BOOK-ENTRY ONLY Ratings: see “RATINGS” herein Mayer Brown LLP and Sanchez Daniels & Hoffman LLP, Co-Bond Counsel, are of the opinion that under existing law, interest on the Series 2020B Refunding Bonds is includible in gross income of the owners thereof for federal income tax purposes. Prospective purchasers of the Series 2020B Refunding Bonds should consult their own tax advisors as to the federal, state and local tax consequences of their acquisition, ownership or disposition of, or the accrual or receipt of interest on the Series 2020B Refunding Bonds. See “TAX MATTERS” herein. CHICAGO TRANSIT AUTHORITY $534,005,000 SALES TAX RECEIPTS REVENUE REFUNDING BONDS SERIES 2020B (TAXABLE) Dated: Date of Issuance Due: December 1, as shown on the inside front cover The Chicago Transit Authority (the “Authority”) is issuing $534,005,000 aggregate principal amount of Sales Tax Receipts Revenue Refunding Bonds, Series 2020B (Taxable) (the “Series 2020B Refunding Bonds”). The Series 2020B Refunding Bonds, are being issued pursuant to a Trust Indenture dated as of March 1, 2010 (the “2010 Indenture”) by and between the Authority and U.S. Bank National Association, Chicago, Illinois, as trustee (the “Trustee”), as supplemented and amended to the date hereof, and as further supplemented by a Fourth Supplemental Trust Indenture, dated as of September 1, 2020, by and between the Authority and the Trustee (the “Fourth Supplemental Indenture,” and the 2010 Indenture as so supplemented and amended, the “Indenture”). The Series 2020B Refunding Bonds are deliverable in fully registered form and, when issued, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”). Individual purchases of Series 2020B Refunding Bonds will be made in denominations of $1,000 and integral multiples thereof and will be in book‑entry form only. Purchasers of Series 2020B Refunding Bonds will not receive physical bonds representing their beneficial ownership in the Series 2020B Refunding Bonds but will receive a credit balance on the books of their respective DTC Participants or DTC Indirect Participants. The Series 2020B Refunding Bonds will not be transferable or exchangeable except for transfer to another nominee of DTC or as otherwise described herein. Interest and principal of the Series 2020B Refunding Bonds are payable to Cede & Co. Such interest and principal payments are to be disbursed to the beneficial owners of the Series 2020B Refunding Bonds through their respective DTC Participants or DTC Indirect Participants. Interest on the Series 2020B Refunding Bonds, is payable on June 1 and December 1 of each year, commencing on December 1, 2020. The Series 2020B Refunding Bonds are subject to optional redemption and mandatory sinking fund redemption. See “DESCRIPTION OF THE BONDS—Redemption.” The Series 2020B Refunding Bonds are limited obligations of the Authority payable solely from Sales Tax Receipts on a parity basis to the claim on such Sales Tax Receipts by First Lien Parity Obligations as described herein and on a senior lien basis to the claim on such Sales Tax Receipts by Second Lien Obligations as described herein. See “SECURITY FOR THE BONDS—Pledge of Security.” The proceeds from the sale of the Series 2020B Refunding Bonds will be used to (i) refund certain of the Authority’s outstanding Sales Tax Receipts Revenue Bonds (as defined herein), (ii) refund a portion of its Outstanding Second Lien CIP Notes (as defined herein), (iii) capitalize interest on the Series 2020B Refunding Bonds, and (iv) pay costs in connection with the issuance of the Series 2020B Refunding Bonds. See “PLAN OF FINANCE.” The Series 2020B Refunding Bonds are not, and shall not be or become, an indebtedness or obligation of the State of Illinois (the “State”), the Regional Transportation Authority or any political subdivision of the State (other than the Authority) or of any municipality within the State, nor shall any Series 2020B Refunding Bonds be or become an indebtedness of the Authority within the purview of any constitutional limitation or provision. The Series 2020B Refunding Bonds do not have a lien on and are not secured by any physical properties of the Authority. The Authority has no taxing power. The maturities, principal amounts, interest rates, prices and CUSIP® numbers of the Series 2020B Refunding Bonds are set forth on the inside front cover page of this Official Statement. The Series 2020B Refunding Bonds are offered when, as and if issued and received by the Underwriters, subject to the approval of validity thereof by Mayer Brown LLP, Chicago, Illinois, and Sanchez Daniels & Hoffman LLP, Chicago, Illinois, Co-Bond Counsel. Certain legal matters will be passed upon for the Underwriters by Chapman and Cutler LLP, Chicago, Illinois, Underwriters’ Counsel, and for the Authority by its General Counsel and by Thompson Coburn LLP, Chicago, Illinois, Disclosure Counsel. The Series 2020B Refunding Bonds are expected to be delivered through the facilities of DTC in New York, New York on or about September 3, 2020. Goldman Sachs & Co. LLC Loop Capital Markets American Veterans Group, PBC Fifth Third Securities, Inc. Huntington Capital Markets Janney Montgomery Scott Mesirow Financial, Inc. Stern Brothers Stifel Nicolaus & Company, Incorporated Valdes & Moreno, Inc. August 27, 2020 MATURITIES, PRINCIPAL AMOUNTS, INTEREST RATES, PRICES AND CUSIP® NUMBERS $534,005,000 CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS REVENUE REFUNDING BONDS SERIES 2020B (TAXABLE) Dated: Date of Issuance and Delivery Maturity Interest (December 1) Amount Rate % Price CUSIP* 2022 $21,795,000 1.708 100.000 16772PCH7 2023 22,170,000 1.838 100.000 16772PCJ3 2024 22,590,000 2.064 100.000 16772PCK0 2025 23,060,000 2.214 100.000 16772PCL8 2026 23,565,000 2.481 100.000 16772PCM6 2027 24,160,000 2.731 100.000 16772PCN4 2028 24,825,000 2.952 100.000 16772PCP9 2029 25,560,000 3.052 100.000 16772PCQ7 2030 26,345,000 3.102 100.000 16772PCR5 2031 27,175,000 3.302 100.000 16772PCS3 2032 28,075,000 3.402 100.000 16772PCT1 2033 29,030,000 3.502 100.000 16772PCU8 2034 30,055,000 3.552 100.000 16772PCV6 2035 31,130,000 3.602 100.000 16772PCW4 $174,470,000 3.912% Term Bond due December 1, 2040 , Price 100.000, CUSIP* 16772PCX2 * Copyright 2020, American Bankers Association. CUSIP data herein is provided by CUSIP Global Services which is managed on behalf of the American Bankers Association by S&P Capital IQ, a part of McGraw-Hill Financial, Inc. The CUSIP numbers listed are being provided solely for the convenience of the bondholders only at the time of sale of the Series 2020B Refunding Bonds and the Authority does not make any representation with respect to such numbers or undertake any responsibility for their accuracy now or at any time in the future. The CUSIP number for a specific maturity is subject to change after the sale of the bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part of such maturity or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Series 2020B Refunding Bonds. CHICAGO TRANSIT AUTHORITY CHICAGO TRANSIT BOARD Terry Peterson, Chairman Arabel Alva Rosales, Vice-Chair Judge Gloria Chevere Kevin Irvine Reverend Dr. L. Bernard Jakes Reverend Johnny L. Miller Alejandro Silva OFFICERS Dorval R. Carter Jr., President Jeremy V. Fine, Chief Financial Officer and Treasurer Karen G. Seimetz, General Counsel Gregory Longhini, Assistant Secretary CO-BOND COUNSEL Mayer Brown LLP Sanchez Daniels & Hoffman LLP Chicago, Illinois DISCLOSURE COUNSEL Thompson Coburn LLP Chicago, Illinois FINANCIAL ADVISORS Sycamore Advisors, LLC Public Alternative Advisors, LLC Chicago, Illinois This Official Statement does not constitute an offer to sell the Series 2020B Refunding Bonds in any jurisdiction to any person to whom it is unlawful to make such offer in such jurisdiction. No dealer, broker, salesman or other person has been authorized by the Authority or the Underwriters to give any information or to make any representation other than those contained herein and, if given or made, such other information or representation must not be relied upon as having been authorized. Neither the delivery of this Official Statement nor the sale of any of the Series 2020B Refunding Bonds implies that the information herein is correct as of any time subsequent to the date hereof. The information and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create the implication that there has been no change in the matters described herein since the date hereof. This Official Statement is not to be construed as a contract with the purchasers of the Series 2020B Refunding Bonds. All summaries of statutes and documents are made subject to the provisions of such statutes and documents, respectively, and do not purport to be complete statements of any or all of such provisions. The information set forth herein has been obtained from the Authority and other sources that are believed to be reliable, but it is not guaranteed as to accuracy or completeness and is not to be construed as a representation by the Authority or the Underwriters. The Underwriters have provided the following sentence for inclusion in this Official Statement. The Underwriters have reviewed the information in this Official Statement in accordance with, and as part of, their respective responsibilities to investors under the federal securities laws as applied to the facts and circumstances of this transaction, but the Underwriters do not guarantee the accuracy or completeness of such information.
Load more

Recommended publications
  • Planners Guide to Chicago 2013
    Planners Guide to Chicago 2013 2013 Lake Baha’i Glenview 41 Wilmette Temple Central Old 14 45 Orchard Northwestern 294 Waukegan Golf Univ 58 Milwaukee Sheridan Golf Morton Mill Grove 32 C O N T E N T S Dempster Skokie Dempster Evanston Des Main 2 Getting Around Plaines Asbury Skokie Oakton Northwest Hwy 4 Near the Hotels 94 90 Ridge Crawford 6 Loop Walking Tour Allstate McCormick Touhy Arena Lincolnwood 41 Town Center Pratt Park Lincoln 14 Chinatown Ridge Loyola Devon Univ 16 Hyde Park Peterson 14 20 Lincoln Square Bryn Mawr Northeastern O’Hare 171 Illinois Univ Clark 22 Old Town International Foster 32 Airport North Park Univ Harwood Lawrence 32 Ashland 24 Pilsen Heights 20 32 41 Norridge Montrose 26 Printers Row Irving Park Bensenville 32 Lake Shore Dr 28 UIC and Taylor St Addison Western Forest Preserve 32 Wrigley Field 30 Wicker Park–Bucktown Cumberland Harlem Narragansett Central Cicero Oak Park Austin Laramie Belmont Elston Clybourn Grand 43 Broadway Diversey Pulaski 32 Other Places to Explore Franklin Grand Fullerton 3032 DePaul Park Milwaukee Univ Lincoln 36 Chicago Planning Armitage Park Zoo Timeline Kedzie 32 North 64 California 22 Maywood Grand 44 Conference Sponsors Lake 50 30 Park Division 3032 Water Elmhurst Halsted Tower Oak Chicago Damen Place 32 Park Navy Butterfield Lake 4 Pier 1st Madison United Center 6 290 56 Illinois 26 Roosevelt Medical Hines VA District 28 Soldier Medical Ogden Field Center Cicero 32 Cermak 24 Michigan McCormick 88 14 Berwyn Place 45 31st Central Park 32 Riverside Illinois Brookfield Archer 35th
    [Show full text]
  • Tax Increment Financing (TIF) District Programming 2019-2023 105TH
    Tax Increment Financing (TIF) District Programming 2019-2023 Working Copy 105TH/VINCENNES T-111 Ends on 12/31/2025 Fund / Project Balances 2019 2020 2021 2022 2023 Total Fund Balance 1. FY 2018 Year End Available Fund Balance $2,307,500 $0 $0 $0 $0 $0 $2,307,500 Subtotal $2,307,500 $0 $0 $0 $0 $0 $2,307,500 Net Revenue $2,307,500 $0 $0 $0 $0 $0 $2,307,500 Revenue 1. Property tax $0 $929,900 $929,900 $929,900 $1,013,200 $1,013,200 $4,816,100 Subtotal $0 $929,900 $929,900 $929,900 $1,013,200 $1,013,200 $4,816,100 Net Revenue $2,307,500 $929,900 $929,900 $929,900 $1,013,200 $1,013,200 $7,123,600 Transfers Between TIF Districts 1. From 119th/I-57 (RDA - Renaissance Beverly Ridge) $0 $706,800 $353,400 $353,400$353,400 $353,400 $2,120,400 Subtotal $0 $706,800 $353,400 $353,400 $353,400 $353,400 $2,120,400 Net Revenue $2,307,500 $1,636,700 $1,283,300 $1,283,300 $1,366,600 $1,366,600 $9,244,000 Current Obligations 1. Program administration $0 ($21,800) ($22,500) ($23,400)($28,500) ($33,700) ($129,900) 2. RDA - Renaissance Beverly Ridge ($1,039,200) ($1,586,800) ($1,043,400) ($1,043,400)($1,043,400) ($1,043,400) ($6,799,600) 3. Residential St Resurfacing - Ward 34 ($43,200) $0 $0 $0$0 $0 ($43,200) 4. Lighting - arterial - West Pullman ($41,000) $0 $0 $0$0 $0 ($41,000) Subtotal ($1,123,400) ($1,608,600) ($1,065,900) ($1,066,800) ($1,071,900) ($1,077,100) ($7,013,700) Net Revenue $1,184,100 $28,100 $217,400 $216,500 $294,700 $289,500 $2,230,300 Proposed Projects 1.
    [Show full text]
  • 2886 North Milwaukee
    RESTAURANT 2083 SQUARE FEET COMPLETELY OPPORTUNITY +1300 BASEMENT REHABBED Seeking experienced restaurant Spacious and lexible layout with a This property is being completely operator for a new concept restaurant hood built-in and will be completed by Fall 2018 Owner Nick Katsafados 312.375.9683 2886 NORTH [email protected] MILWAUKEE ADDITIONAL BUILDOUT PROVIDE FLEXIBLE BUILD OUT FOR GREAT RESTATURANT CONCEPT. ATTRACTIVE FAÇADE COMPLETELY RENOVATED FACADE WITH LARGE WINDOWS COMMUNITY MINDSET SEEKING LONG TERM VALUE-ADD TO THE LOCAL COMMUNITY NEIGHBORHOOD Located in Avondale within a 6-minute walking 04 distance of the Logan Square blue line, this corridor is the next exciting part of the booming Milwaukee development. DEMOGRAPHICS Avondale North Side, Chicago, Cook County, Illinois 06 with a population of 92,109. There are 46,194 male residents living in Avondale and 45,915 female resi- dents. Total household expenditures in Avondale are above the national average. Excellent Traffic Counts: 13,100 VPD along Milwaukee Avenue. ARCHITECTURE Beautiful old red brick building built in 1918 (100 08 years old) lovingly restored with a dramatic blend of modern touches to bring the best of both worlds together. Contents 08 PAGE 2 | 2886 N MILWAUKEE ABOUT COMMERCIAL REAL ESTATE THE OWNER LISTING BY Nicholas Katsafados NICHOLAS ARCHITECT KATSAFADOS Technical Building Consultants LLC Real Estate Investor 20 year real es- tate professional, Nicholas is a Chi- cago native with a special interest in Amixed use buildings in emerg- ing areas of Chicago undergo- ing revitalization. These older buildings are beautiful and often times a pleasure to re- store. Often completing pro- jects in areas like Bridgeport, Wicker Park, Humboldt Park, Logan Square and now Avon- dale.
    [Show full text]
  • Logan Square Corridor Development Initiative Contents Letter from Ald
    Final Report—January 2015 Logan Square Corridor Development Initiative Contents Letter from Ald. Rey Colón (35th Ward) Letter from Ald. Rey Colón (35th Ward) 1 Dear Neighbor, Executive summary and recommendations 2 The 35th Ward has earned its place in the world. Meters, LLC, which returned the management of By the end of the process, 16 different hypothetical Named among the 10 hottest neighborhoods in the neighborhood parking lots back to the City. At development scenarios were created. A panel of The Corridor Development Initiative 5 the country, Logan Square has all the hallmarks of a my request, the Chicago Depts. of Planning and development and finance experts examined four of strong urban community: an economically and ethni- Development, Transportation, and Revenue and the the most representative proposals and gave recom- Logan Square and the Milwaukee Avenue corridor 6 cally diverse population; a vibrant creative scene; cof- CTA examined the use of the Emmett Street Parking mendations to ensure their viability. See pages 16 to 19 fee shops, restaurants and bars; and excellent public Lot located at 2630 N. Emmett St. and the adjacent for four proposals for Station plaza and parking lot sites 7 transportation that serves locals and brings residents Logan Square CTA Blue Line Plaza. It was determined This publication documents the community’s efforts, this site that reflect the from across the city to enjoy our local businesses, that the land is underutilized, and the overwhelm- needs and goals, both for the public record and to community’s priorities. Community participation 8 cultural opportunities, institutions and parks.
    [Show full text]
  • Logan's Crossing
    LOGAN’S CROSSING DEVELOPMENT NOW LEASING SMALL SHOP RETAIL OPPORTUNITIES MILWAUKEE & SACRAMENTO CHICAGO, IL MARC OFFIT MARY McANALLY www.SierraUS.com 312.254.0707 917.749.4573 640 N LaSalle Blvd | Ste 410 [email protected] [email protected] Chicago, IL 60654 The information contained herein has been obtained from sources deemed reliable, however is subject to verification, and / or withdrawal without notice, and is submitted without warranty as to accuracy by Sierra U.S. Commercial Real Estate. OPPORTUNITY LOGAN’S CROSSING 2500 N MILWAUKEE AVE CHICAGO, IL 60647 STATUS: FOR LEASE PROJECT TYPE: MIXED-USE DEVELOPMENT • 88,000 SF Retail Space • 19,000 SF Office Space • 216 Residential Units • 263 Stall Garage and 44 Surface Stalls AVAILABLE: 13,668 SF • 1,938 SF - 6,915 SF (Divisible) HIGHLIGHTS: • Ideal for Boutique, Small Shop, and Restaurant Space • Great Underserved Neighborhood • Within Chicago’s New “Restaurant Row” • Located 2 Blocks from the Logan Square Blue Line CTA Station • Located within One of the Fastest Growing Neighborhoods in Chicago TRAFFIC COUNTS: • Milwaukee Ave: 36,783 (VPD) • Sacramento Ave: 16,500 (VPD) • Fullerton Ave: 44,754 (VPD) WALK SCORE©: • Walk: 96 • Transit: 71 • Bike: 91 MARC OFFIT MARY McANALLY www.SierraUS.com 312.254.0707 917.749.4573 640 N LaSalle Blvd | Ste 410 [email protected] [email protected] Chicago, IL 60654 The information contained herein has been obtained from sources deemed reliable, however is subject to verification, and / or withdrawal without notice, and is submitted without warranty as to accuracy by Sierra U.S. Commercial Real Estate. SITE PLAN STATUS COLOR KEY 1ST & 2ND LEVEL SPACE AT LEASE RESTAURANT PROPOSED CONCEPT AVAILABLE 201 NOT LEASEABLE 2127 SF 2 LEVEL 2 - BUILDING A LOD-200 1/16” = 1’-0” G1.12 0’ 8’ 16’ MILWAUKEE AVENUE MILWAUKEE AVENUE SACRAMENTO 109’ - 3 5/8” 29’ - 6 3/4” 18’ - 4” 21’ - 8 1/4” 34’ - 0” 38’ - 0 3/4 “ 32’ - 0” 29’ - 0” 34’ - 0 7/8” 26’ - 5 34” RES.
    [Show full text]
  • [Picture of 79Th Street Bus] [Picture of a CTA Employee Wearing
    [BOOK FRONT COVER] Public Transit: An Essential Key to Recovery [Picture of 79th Street Bus] [Picture of a CTA employee wearing a mask] [2 different pictures of CTA employees performing COVID-19 related sanitation on a bus and train] President’s 2021 Budget Recommendations [CTA Logo] [BACK PAGE OF FRONT COVER] Chicago Transit Board and CTA President The governing arm of the CTA is the Chicago Transit Board, consisting of seven board members, one of which is currently vacant. The Mayor of Chicago appoints four board members, subject to the approval of the City Council and the Governor of Illinois. The Governor appoints three board members, subject to the approval of the State Senate and the Mayor of Chicago. CTA's day-to-day operations are directed by the President. Arabel Alva Rosales, Vice Chair Appointed by: Governor, State of Illinois Judge Gloria Chevere, Board Member Appointed by: Governor, State of Illinois Kevin Irvine, Board Member Appointed by: Mayor, City of Chicago Dr. L. Bernard Jakes, Board Member Appointed by: Governor, State of Illinois Rev. Johnny L. Miller, Board Member Appointed by: Mayor, City of Chicago Alejandro Silva, Board Member Appointed by: Mayor, City of Chicago Chicago Transit Authority Dorval Carter Jr., President TABLE OF CONTENTS System Map: page 1 President’s Letter: page 4 Organizational Chart: page 6 Executive Summary: page 8 Strategic Goals: page 26 Operating Budget Schedule: page 28 2020 Operating Budget Forecast: page 32 2021 Proposed Operating Budget: page 36 2022-2023 Two-Year Financial Plan: page
    [Show full text]
  • 2017 Annual Report Table of Contents
    The Power of We. THE CHICAGO COMMUNITY TRUST 2017 ANNUAL REPORT TABLE OF CONTENTS In Appreciation: Terry Mazany . 2 Year in Review . 4 Our Stories: Philanthropy in Action . 8 In Memoriam . 20 Competitive Grants . 22 Grants from the Searle Funds at The Chicago Community Trust . 46 Searle Scholars . 47 Donor Advised Grants . 48 Designated Grants . 76 Matching Gifts . 77 Grants from Identity-Focused Funds . 78 Grants from Supporting Organizations . 80 Grants from Collaborative Funds . 84 Funds of The Chicago Community Trust and Affiliates . 87 Contributors to Funds at The Chicago Community Trust and Affiliates . 99 The 1915 Society . 108 Professional Advisory Committee and Young Professional Advisory Committee . 111 Financial Highlights . 112 Executive Committee . 116 Trustees Committee and Banks . 117 The Chicago Community Trust Staff . 118 Trust at a Glance . 122 The power to reach. The power to dream. The power to build, uplift and create. The power to move the immovable, to align our reality to the best of our ideals. That is the power of we. We know that change doesn’t happen in silos. From our beginning, The Chicago Community Trust has understood that more voices, more minds, more hearts are better than one. It is our collective actions, ideas and generosity that propel us forward together. We find strength in our differences, common ground in our unparalleled love for our region. We take courage knowing that any challenge we face, we face as one. We draw power from our shared purpose, power that renews and emboldens us on our journey – the world-changing power of we. Helene D.
    [Show full text]
  • AE47810E0128 Metro
    JANUARY 2018 RFP No. AE47810E0128 Volume I – Technical Proposal (Appendices) Systems Engineering and Support Services Submitted by: Resumes Metro Systems Engineering and Support Services RFP No. AE47810E0128 TABLE OF CONTENTS Margaret (Meg) Cederoth, AICP, LEED AP | sustainability interface ....................................... R-49 Michael Harris-Gifford | program manager | corridor lead/ TO Andrew Cho | communications...................... R-50 manager | independent systems integration review team . R-1 Wilson Chu, EIT | ducktbank design .................. R-51 Jeff Goodling | deputy project manager | project controls lead | value engineering ............................ R-3 Joe Cochran | train control ......................... R-52 John Schnurbusch, PE | OCS manager ................ R-5 John Cockle, ASP | safety certification ................ R-53 Anh Le | communications manager | corridor lead/ TO Phil Collins | communications | independent systems manager ........................................ R-7 integration review team ............................ R-54 Barry Lemke | train control design lead................. R-9 Ramesh Daryani, PMP | systems integration . R-55 David Hetherington, PE | traction power manager ....... R-11 Ruperto Dilig, PE | independent quality manager ........ R-56 Davy Leung | RF engineering lead.................... R-13 Kurt Drummond, PE | communications................ R-57 Paul Mosier | operations and planning lead ............ R-15 Jeffrey Dugard | train control........................ R-58 Abbas Sizar,
    [Show full text]
  • North Kedzie
    2740 NORTH KEDZIE LOGAN SQUARE | CHICAGO UNIQUE LOGAN SQUARE RETAIL/OFFICE OPPORTUNITY ARC Real Estate | 200 S. Wacker Drive, Suite 1325, Chicago, IL 60606 | www.arcregrp.com | 630.908.5700 UNIQUE LOGAN SQUARE RETAIL/OFFICE OPPORTUNITY SITE 2740 NORTH KEDZIE PLAN Logan Square | Chicago, IL SPACE AVAILABLE 15,600 SF (Divisible) M D 122'-3" SITE SUMMARY • Double Bow Truss Building 1/2" • Up to 113’ frontage to Kedzie 38'-1 • Unique Opportunity for Brewery, Education, Fitness, Office, Co-Working, Pet Care • 500 feet to CTA Logan Square Station • Easy access to Kennedy Expressway 1/2" • Adjacent land available for parking or patio use 113'-3 N. Kedzie Avenue N. Kedzie AREA TENANTS 38'-2" TOTAL POPULATION 20,888 1/2 Mile 164'-11/2" 78,867 1 Mile 261,059 2 Miles AVG. HH INCOME $69,720 1/2 Mile FIRST FLOOR PLAN $66,349 1 Mile SCALE: 1/8" = 1'-0" $79,407 2 Miles DAYTIME POPULATION 2,842 1/2 Mile 14,149 1 Mile 52,391 2 Miles UNIQUE LOGAN SQUARE RETAIL/OFFICE OPPORTUNITY INTERIOR 2740 NORTH KEDZIE PICS Logan Square | Chicago, IL UNIQUE LOGAN SQUARE RETAIL/OFFICE OPPORTUNITY 2740 NORTH KEDZIE MAP Logan Square | Chicago, IL SITE © 2021 ARC Real Estate. All information is from sources believed reliable, not independently verified, CONTACT MATT CAVANAGH ELAN RASANSKY and thus subject to errors, omissions, and modifications such as price, listing, square footage, rates and commissions. All information, estimates and projections subject to change, market assumptions, [email protected] [email protected] unknown facts and conditions, and future potentialities.
    [Show full text]
  • CTA: BUILDING a 21ST CENTURY TRANSIT SYSTEM PRESIDENT’S 2016 BUDGET RECOMMENDATIONS CTA FY16 Budget Chicago Transit Board
    CTA: BUILDING A 21ST CENTURY TRANSIT SYSTEM PRESIDENT’S 2016 BUDGET RECOMMENDATIONS CTA FY16 Budget Chicago Transit Board Terry Peterson, Chairman Appointed by: Mayor, City of Chicago Ashish Sen, Vice Chairman Appointed by: Governor, State of Illinois Arabel Alva Rosales Appointed by: Governor, State of Illinois Andre Youngblood Appointed by: Governor, State of Illinois Rev. Charles E. Robinson Appointed by: Mayor, City of Chicago Alejandro Silva Appointed by: Mayor, City of Chicago Kevin Irvine Appointed by: Mayor, City of Chicago Dorval R. Carter Jr., President CTA FY16 Budget Table of Contents Letter from the President ............................................................................................................................................... 1 CTA Organizational Chart ............................................................................................................................................... 3 Executive Summary ........................................................................................................................................................... 5 2015 Operating Budget Performance 2015 Operating Budget Performance Summary ..............................................................................................31 2015 Operating Budget Schedule.............................................................................................................................40 President’s 2016 Proposed Operating Budget President’s 2016 Proposed Operating Budget Summary ............................................................................41
    [Show full text]
  • A Look Back on Eight Years of Progress
    MOVING CHICAGO FORWARD: A LOOK BACK ON EIGHT YEARS OF PROGRESS MAYOR RAHM EMANUEL MOVING CHICAGO FORWARD • A LOOK BACK ON EIGHT YEARS OF PROGRESS LETTER FROM THE MAYOR May 2, 2019 Dear Fellow Chicagoans, It has been the honor of my lifetime to serve the people of this great city as mayor for eight years. Together, we have addressed longstanding challenges, overcome old obstacles and confronted new headwinds. At the outset of my administration, Chicago was beset by fiscal, economic and academic crises. Many thought our best days were behind us, and that the ingenuity and ability to rise to meet great challenges that had defined our city for generations was part of our past, but not our future. In response, Chicagoans came together and showed the resolve and resilience that define the character of this great city. Today, Chicago’s fiscal health is stronger than it has been in many years, with a smaller structural deficit, a larger rainy day fund, true and honest accounting of city finances, and dedicated recurring revenues for all four city pension funds. Our economic landscape is dramatically improved, with historic lows in unemployment, the highest level of jobs per-capita in the city in over five decades, and a record amount of corporate relocations and foreign direct investment. Academically, Chicago’s students are raising the bar for success and making our city proud. Every year for the past seven, a new record number of Chicago’s students have graduated high school. More graduates than ever now go to college. Stanford University found CPS students are learning faster than 96 percent of students of all districts in the United States.
    [Show full text]
  • FOR IMMEDIATE RELEASE October 12, 2017 GRANTS TOPPING
    FOR IMMEDIATE RELEASE CONTACT: Kimberley Rudd, 773-213-6325 October 12, 2017 Katrina Waddy, 312-545-7392 [email protected] GRANTS TOPPING $400,000 AWARDED TO 14 COMMUNITY-BASED NONPROFIT GROUPS TO LAUNCH RANGE OF EQUITY PROJECTS NEAR TRANSIT STATIONS New citywide collaborative encourages equitable transit-oriented development CHICAGO, Ill. – Fourteen community-based nonprofit organizations in Chicago are the first recipients of grants from L-Evated Chicago and Enterprise Community Partners as part of a new initiative that intends to strengthen racial equity, prosperity and resiliency in neighborhoods by using transit-oriented development as the catalyst for progress and change. The initiative, L-Evated Chicago, is a growing collaborative that is leading community-based transformations in areas around the city’s train system. It’s working to create opportunity and connections for residents by focusing on four key areas: racial equity; health; climate change and environmental issues; and arts and culture. Enterprise Community Partners, a national organization that supports the development of well- designed, affordable and diverse communities, is a founder partner of L-Evated Chicago. Since 2014, its Chicago office has provided $2.5 million dollars in grants to the Chicago region. L-Evated Chicago’s work has started around seven transit stations along the CTA’s Green, Pink and Blue lines: 63rd/Cottage (Green); 55th/Garfield (Green); 51st (Green); Kedzie (Green); California (Pink); Logan Square (Blue); and Kedzie/Homan Square (Blue). The first two cohorts of grant recipients are listed below: Capacity-building grants: A total of $330,000 in funding has been awarded to community development organizations to build their capacity, advance transit-oriented development and carry out affordable housing activities that address the needs of low-income households.
    [Show full text]