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Riverwood update: floodplain recategorized, saving about $30,000 in insurance; leasing season ramps up
3244543 · March 20, 2025
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Summary
Riverwood leasing activity is picking up for the season, staff reported a floodplain recategorization that reduces insurance costs by roughly $30,000 annually, and a payment‑in‑lieu pilot program may lower real estate taxes.
Staff reported that Riverwood staffing and leasing are improving, and they described two developments that will reduce operating costs: a floodplain recategorization and a pilot tax‑payment program.
Management said leasing activity is increasing for the spring season and that…
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