Ordinance 71621

Redevelopment Plan for the 718-720 Lumiere Pl.

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Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 718-720 Lumiere Pl. and 212 Morgan St. Redevelopment Area. The project consists of the renovation of two unoccupied commercial buildings to create mixed uses. The prospective redeveloper plans on renovating at the cost of $ 1.9 million. This Board Bill will allow ten (10) years of tax abatement (10 years based on 90 percent of the assessed value of the incremental improvements).

Overview

Session: 2022-2023

Board Bill Number: 122

Sponsor: Jack Coatar

Effective: 03/16/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

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