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Committee recommends abatement for Center City Place rehab at 225–229 South Michigan
Summary
A confirming resolution to grant a real-property tax abatement for rehabilitation of the former Grand Leader/Center City Place building at 225 and 229 South Michigan Street was forwarded to the full council with a favorable recommendation (4-0).
The Community Investment Committee voted unanimously to forward a confirming resolution recommending a real-property tax abatement for redevelopment of the building at 225 and 229 South Michigan Street, known historically as the Grand Leader Building (Center City Place).
Joseph Molnar, Assistant Director of Growth and Opportunity, presented the request. Molnar said the approximately 38,000-square-foot building dates to the early 20th century and has…
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