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