Board Bill Number 211 In Session 2023-2024

Chapter 99 Redevelopment Plan for the JeffVanderLou Scattered Sites Redevelopment Area

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the JeffVanderLou Scattered Sites Redevelopment Area. It is anticipated that there will be at least three projects developed in the Area. The projects will include the renovation of a commercial building and construction of 34 senior housing units and retail. The commercial building will house a location of the Negro League Baseball Museum. Estimated cost of development is $17.6 million. This Board Bill will allow up to fifteen (15) years of tax abatement (10 years based on 90 percent of the assessed value of the incremental improvements and followed 5 years based on 50 percent of the assessed value of the incremental improvements).

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Overview

Session: 2023-2024

Introduced: 02/02/2024

Primary Sponsors: Laura Keys

Latest Activity: Committee Assignment

Legislative History

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

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