GOV
Board Bill Number 162 Votes In Session 2023-2024
Redevelopment Plan for the 3101-3115 South Jefferson Ave. and 2614-2624 Arsenal St. Redevelopment Area
Board Bill
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 3101-3115 South Jefferson Ave. & 2614-2624 Arsenal St. Redevelopment Area. The project consists of vacant lots in the Benton Park West neighborhood. The prospective redeveloper plans constructing a multi-story building with 49 senior citizen residential units, at the cost of $14.5 million. The redeveloper plans to utilize LIHTC and private funds for this project. Staff supports up to fifteen (15) years of tax abatement as follows: ten (10) years of tax abatement based on 90% of the assessed value of incremental improvements followed by five (5) years of tax abatement based on 50% of the assessed value of incremental improvements.
12/15/2023 Final Passage Vote Results
This board bill was part of a consent vote along with BB 83, BB 84, BB 136, BB 149, BB 150, BB 152, BB 155, BB 156, BB 160, BB 162, BB 163, BB 165, BB 166, BB 168, BB 169, BB 172
| Ward | Alderman | Position |
|---|---|---|
| 1 | Anne Schweitzer | Aye |
| 2 | Tom Oldenburg | Aye |
| 3 | Shane Cohn | Aye |
| 4 | Bret Narayan | Aye |
| 6 | Daniela Velazquez | Aye |
| 7 | Alisha Sonnier | Aye |
| 8 | Cara Spencer | Aye |
| 9 | Michael Browning | Aye |
| 10 | Shameem Clark Hubbard | Aye |
| 12 | Sharon Tyus | Aye |
| 13 | Pamela Boyd | Aye |
| 14 | Rasheen Aldridge | Aye |
| President | Megan E Green | Aye |
| 5 | Joseph Vollmer | Did Not Vote |
| 11 | Laura Keys | Absent |
