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CRA approves Pickle & Hide tax‑increment reimbursement with sustainability conditions and waivers

2690229 · March 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The CRA board approved a tax‑increment reimbursement agreement for the Pickle & Hide mixed‑use redevelopment in the Granary District, granting reimbursement authority up to a staff‑estimated maximum while adding conditions for sustainability and historic preservation.

The Community Reinvestment Agency Board on March 18 approved a tax‑increment reimbursement agreement for the Pickle & Hide mixed‑use project in the city’s Granary District, contingent on conditions and additional sustainability commitments negotiated at the meeting.

Project summary and affordability Developer Blazer Ventures presented the Pickle & Hide redevelopment, located roughly at 800 South and 400 West. The multi‑phase project preserves two historic buildings (the Hides Building and Pickle Building), constructs a new multifamily building, and reconnects the block with a mid‑block public walkway. The development will total about 141 units; staff said 28 units will be affordable at 60% AMI and 26 units affordable at 80% AMI for a total of 54 deed‑restricted units.

Tax increment and requested terms Staff presented…

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