Board Bill Number 167 | Session 2022-2023

Chapter 99 Redevelopment Plan for the 4974 Lindell Ave. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4974 Lindell Ave. Redevelopment Area. The project consists of a parking lot in the Central West End neighborhood. The prospective redeveloper proposes constructing a 30-story apartment building. The apartment building will have approximately 293 market rate units, 1,500 square feet of commercial space and 340 parking spaces. The total project costs are estimated at $145 million. This Board Bill will allow ten (10) years of tax abatement (10 years based on 75 percent of the assessed value of the incremental improvements).

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Overview

Session: 2022-2023

Introduced: 01/13/2023

Sponsor: Michael J Gras

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71628 effective 03/16/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

02/03/2023 Final Passage Vote Results

Aye Votes
18
Nay Votes
8
Vote Totals

View vote details

Ordinance

Ordinance Number: 71628

Effective Date: 03/16/2023

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