Board Bill Number 170 In 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).

Download

Latest Bill text:

Overview

Session: 2022-2023

Introduced: 01/13/2023

Primary Sponsors: 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.

  • 01/13/2023

    First Reading

    Bill text was introduced (10.22 MB PDF).

  • 01/13/2023

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 01/19/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 01/20/2023

    Second Reading

  • 01/27/2023

    Perfection

    The bill was passed.

  • 02/03/2023

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 02/03/2023

    Third Reading

    The bill was passed.

  • 02/03/2023

    Delivered to Mayor

  • 02/17/2023

    Mayor Returns Bill

    The bill was approved.

  • 02/17/2023

    Delivered to Register

  • 03/02/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71631. Effective date is 03/16/2023

Votes

02/03/2023 Vote Results

Aye Votes 25
No Votes 1
Final Passage Vote

View vote details

Ordinance

Ordinance Number: 71631

Effective Date: 03/16/2023

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.

5 comments from people like you have helped us improve this page. Keep the feedback coming!