Tax Increment Financing

Thai Town Center TIF Assistance

Thai Town Center TIF Assistance
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East meets West. This time on Chicago's northwest side. Renowned chef Arun Sampanthavivat of Arun's Restaurant is one of the pioneers for an exciting new venture to bring new investment to Chicago's Albany Park neighborhood. Rehabbing the former 17th District Police Station, the project is anchored by the chef's second Chicago restaurant, the Thai American Association of Illinois, and a health and wellness center, which will help stimulate economic development along the Pulaski Road corridor.

Ultimately, the restaurant is envisioned as the catalyst to create the Thai Town Center -- a premier cultural and commercial center for the City of Chicago. As interest continues to build, other Thai businesses and organizations will locate to Thai Town Center to invest in the area and provide a unique destination to find goods, services, and culture offered by Chicago's Thai community. In addition, a green roof / rooftop garden highlights the project's green features.

Teska assisted Chef Arun and his team with preparing their redevelopment proposal and application for TIF assistance from the City. Working with the 39th Ward's Alderman Laurino and City staff, Teska assisted Chef Arun's team to secure land for the proposed development and is currently pursuing TIF assistance from the City.Notably, even the Teska team was well represented by the Thai community, with a Thai American architect and Teska's own Thai American planner.


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