Board Bill Number 66 Votes | Session 2023-2024
Chapter 99 Redevelopment Plan for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4923-4949 Dr. Martin Luther King Dr. Redevelopment Area. The prospective redeveloper plans on renovating the commercial building at 4949 Dr. Martin Luther King Dr. which will house a restaurant space for the approximate cost of $3.7million. The redevelopment plan and blighting study also includes the long vacant commercial building at 4923-4925 Dr. Martin Luther King Dr. for the possibility of using eminent domain in the future as an action of last resort if negotiations fail. This Board Bill will allow ten (10) years of tax abatement based on 95 percent of the assessed value of the incremental improvement).
09/15/2023 Final Passage Vote Results
|10||Shameem Clark Hubbard||Aye|
|President||Megan E Green||Aye|