Board Bill Number 113 Votes | Session 2022-2023

Chapter 99 Redevelopment Plan for the 490 North Kingshighway Blvd. and 4952-4956 McPherson Ave. Area

Board Bill

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 490 North Kingshighway Blvd. and 4952-4956 McPherson Ave. Area. The project consists of the renovation of the existing building, the demolition of the two-family building, the construction of a five-story apartment building on top of the existing building and an addition to the existing building to the east. The development will have 118 units ranging from studio to 2 bedrooms above a 127-space parking garage, at the cost of $ 33.5 million. The financial model concludes that the project supports ten (10) years of tax abatement (5 at 90 percent followed by 5 at 75 percent) the LCRA Board concurs. This board bill will allow, ten (10) years of tax abatement (5 at 90 percent followed by 5 at 75 percent).

View Board Bill 113 details

12/09/2022 Final Passage Vote Results

This board bill was part of a consent vote along with BB 73, BB 76, BB 83, BB 104, BB 108, BB 112, BB 113

Note: Ward 10 Alderman Joseph Vollmer is voting in his role as president and not as alderman starting 06/07/2022.

Noes (0)

No "no" votes recorded

Did Not Vote (0)

No "Did Not Vote" votes recorded

Abstain (0)

No aldermen abstained from vote

Present (0)

No "present" votes recorded

Absent (2)

Ward Alderman
7 Jack Coatar
14 Carol Howard

Vacant Seat (1)

Ward
15 Seat is vacant

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