GOV
Ordinance 71788
Chapter 99 Redevelopment Plan for the 400 South 14th St. Redevelopment Area
Summary
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 400 South 14th St. Redevelopment Area. This Area consists of the hotel condominium unit of a partially occupied building that is in the Downtown West Neighborhood. The property in the Area is currently blighted and is in a deteriorated condition that constitutes an economic liability to the City. The prospective redeveloper is acquiring the property for approximately $11.0M and plans on renovating the hotel portion of the building at 400 South 14th St. for the approximate cost of $34.9 million. Retail and restaurant bays will also be reactivated at street level. Private financing will be used for the project. The project is approved for ten (10) years of tax abatement based on 75% of the assessed value of incremental improvements.
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Overview
Legislative History
Legislative activities and outcomes for this board bill. Learn more about what these activities mean.
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10/06/2023
First Reading
Bill text was introduced (4.90 MB PDF).
10/06/2023Referred to a Committee
The bill was assigned to the Housing, Urban Development and Zoning Committee.
12/05/2023Committee Hearing
The bill was held in committee during the Housing, Urban Development and Zoning Committee hearing.
12/12/2023Committee Hearing
The bill was held in committee during the Housing, Urban Development and Zoning Committee hearing.
01/17/2024Committee Hearing
The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.
01/19/2024Second Reading
01/26/2024Perfection
The bill was passed.
02/02/2024Engrossment
The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.
02/02/2024Third Reading
The bill was passed.
02/02/2024Delivered to Mayor
02/21/2024Mayor Returns Bill
The bill was returned without a signature.
02/21/2024Delivered to Register
02/28/2024Register Returns Notice with Ordinance Number
Register returns ordinance number 71788. Effective date is 02/23/2024
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