Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee backs eight-year tax abatement for downtown rehabilitation at 225–229 S. Michigan St.
Summary
The Community Investment Committee voted to forward Bill 2,501 with a favorable recommendation. The measure would grant an eight-year real-property tax abatement for a planned $5.8 million rehabilitation of the long-vacant Center City Place, to include ground-floor restaurant/brewery space and a hotel on upper floors.
The Community Investment Committee on Jan. 9 voted to send Bill 2,501 to the full council with a favorable recommendation. The resolution would designate an eight-year real property tax abatement for the rehabilitation of a long-vacant building at 225–229 South Michigan Street — referred to in the hearing as Center City Place.
Joseph Molnar, assistant director of Growth and Opportunity, described the property as a roughly 38,000-square-foot building in downtown South Bend that has been vacant “for a decade plus” and has not seen a major renovation in about 50 years. Molnar said the total projected investment is “a little over $5,800,000” and estimated the project would create 11 new full-time jobs with an annual payroll…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
