Chapter 99 Redevelopment Plan for the 1319 & 1321 Benton St. and 2500 N. 14th St. Redevelopment Area
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1319 & 1321 Benton St. and 2500 N. 14th St. Redevelopment Area. This Board Bill will allow up to fifteen years of tax abatement provided as follows: ten years (10) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by five (5) years of tax abatement based on 50% of the assessed value of the incremental improvements. This Area includes vacant lots which will be redeveloped for mixed-use.
Board Bill Number: 227
Sponsor: Tammika Hubbard
Committee: Neighborhood Development