Ordinance 71628

Chapter 99 Redevelopment Plan for the 4974 Lindell Ave. Redevelopment Area

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Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4974 Lindell Ave. Redevelopment Area. The project consists of a parking lot in the Central West End neighborhood. The prospective redeveloper proposes constructing a 30-story apartment building. The apartment building will have approximately 293 market rate units, 1,500 square feet of commercial space and 340 parking spaces. The total project costs are estimated at $145 million. This Board Bill will allow ten (10) years of tax abatement (10 years based on 75 percent of the assessed value of the incremental improvements).

Overview

Session: 2022-2023

Board Bill Number: 167

Primary Sponsors: Michael J Gras

Effective: 03/16/2023

Legislative History

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

  • 01/13/2023

    First Reading

    Bill text was introduced (3.60 MB PDF).

  • 01/13/2023

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 01/19/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 01/20/2023

    Second Reading

  • 01/27/2023

    Perfection

    The bill was passed.

  • 02/03/2023

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 02/03/2023

    Third Reading

    The bill was passed.

  • 02/03/2023

    Delivered to Mayor

  • 02/17/2023

    Mayor Returns Bill

    The bill was approved.

  • 02/17/2023

    Delivered to Register

  • 03/02/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71628. Effective date is 03/16/2023

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