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Developer seeks 15-year, 100% CRA abatement for downtown West First Street project
Summary
City Council discussed an ordinance to approve a Community Reinvestment Area (CRA) agreement for properties at 36–42 West First Street, a proposal the applicant said would freeze taxable value of improvements for 15 years to make a large downtown redevelopment financially feasible.
City Council discussed an ordinance to approve a Community Reinvestment Area (CRA) agreement for properties at 36–42 West First Street, a proposal the applicant said would freeze taxable value of improvements for 15 years to make a large downtown redevelopment financially feasible.
Cole Antle, identified in the meeting as a developer and the project representative,…
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