Board Bill Number 161 In Session 2019-2020
Chapter 99 Redevelopment Plan and Blighting Study for 4915-4925 West Pine Blvd
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4915-4925 West Pine Blvd. Redevelopment Area. This Board Bill will allow a 10-year tax abatement with PILOTS equaling $124,100 or $850 per new residential unit, whichever is greater, plus a 2.5% annual increase. The project consists of a parking lot in the Central West End neighborhood. The prospective redeveloper proposes constructing a 146-unit apartment building with a 146-space parking garage. The acquisition cost is $2 million and construction costs are estimated at $37 million.
Download
- Introduced (1.75 MB PDF)
- Fiscal Notes (222.18 KB PDF)
Overview
Legislative History
Legislative activities for this board bill. Learn more about what these activities mean.
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11/15/2019
First Reading
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