Board Bill Number 170 | Session 2022-2023

Chapter 99 Redevelopment Plan for the 909 Chestnut St. Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 909 Chestnut St. Redevelopment Area. The project consists of the renovation of a commercial building. The development will have 306 apartments, 300 hotel rooms, 288,000 sf of office space, and 37,000 sf of retail, at the cost of $300 million. This Board Bill will allow up to fifteen (15) years of tax abatement (5 years based on 95 percent of the assessed value of the incremental improvements and followed 5 years based on 75 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 percent of the assessed value of the incremental improvements).

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Overview

Session: 2022-2023

Introduced: 01/13/2023

Sponsor: Jack Coatar

Latest Activity: Register Returns Notice with Ordinance Number

Ordinance: 71631 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
25
Nay Votes
1
Vote Totals

View vote details

Ordinance

Ordinance Number: 71631

Effective Date: 03/16/2023

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