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Joint Review Board approves minor TID 5 territory amendment to allow Astor 1 parcel consolidation
Summary
The Tax Increment District Joint Review Board on March 11 approved removing one parcel from TID 5 so a developer can combine two adjacent parcels south of Mason Street on Adams for the proposed Astor 1 multifamily project.
The Tax Increment District Joint Review Board voted March 11 to approve a minor territory amendment to Tax Increment District (TID) 5 that will remove one parcel from the district so a developer can combine two adjacent parcels for a proposed multifamily project called Astor 1.
A city staff member told the board that the site is split across two parcels, one of which sits…
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