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Council approves 8‑year tax abatement for downtown Center City Place rehabilitation
Summary
The Common Council adopted Resolution 25‑01 approving an eight‑year real property tax abatement for RSPG Global Consulting LLC to rehabilitate the vacant Center City Place building at 225–229 S. Michigan St.; proponents estimate $5.8 million investment and increased tax revenue compared with leaving the building vacant.
The South Bend Common Council unanimously adopted Resolution 25‑01 on Jan. 13 to designate 225 and 229 South Michigan Street as an Economic Revitalization Area and grant an eight‑year real property tax abatement to RSPG Global Consulting LLC for the planned rehabilitation of the Center City Place building.
Joseph Molnar, assistant director of Growth and Opportunity, told the council the 38,000‑square‑foot building has been vacant for about 10 years and has not had a major renovation in roughly 50 years. Molnar presented an…
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