GOV
Board Bill Number 75 Votes In Session 2023-2024
Chapter 99 Redevelopment Plan for the Marquette Park Scattered Sites Redevelopment Area
Board Bill
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the Marquette Park Scattered Sites Redevelopment Area. The project consists of the renovation of 6 buildings and construction 5 residential buildings in the Dutchtown and Gravois Park Neighborhoods. The prospective redeveloper is producing 60 units ranging from 1-3 bedrooms, at the cost of $25.9 million. The redeveloper plans to utilize Historic Tax Credits, LIHTC and private funds for this project. The financial model concludes that the project supports fifteen (15) years of tax abatement (10 years based on 90 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).
09/15/2023 Final Passage Vote Results
This board bill was part of a consent vote along with BB 66, BB 71, BB 72, BB 75
| Ward | Alderman | Position |
|---|---|---|
| 1 | Anne Schweitzer | Aye |
| 2 | Tom Oldenburg | Aye |
| 3 | Shane Cohn | Aye |
| 4 | Bret Narayan | Aye |
| 5 | Joseph Vollmer | Aye |
| 6 | Daniela Velazquez | Aye |
| 7 | Alisha Sonnier | Aye |
| 8 | Cara Spencer | Aye |
| 9 | Michael Browning | Aye |
| 10 | Shameem Clark Hubbard | Aye |
| 11 | Laura Keys | Aye |
| 12 | Sharon Tyus | Aye |
| 14 | Rasheen Aldridge | Aye |
| President | Megan E Green | Aye |
| 13 | Pamela Boyd | Absent |
