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Committee approves tax‑incentive review and sets hearing for Northridge 'The Reserve' after Baker Tilly analysis recommends reduced term
Summary
The Committee of the Whole voted to advance a tax incentive application from Northridge Construction for a 155‑unit multifamily project called The Reserve. Baker Tilly's financial review found the project—estimated at $37 million—needs a property tax exemption to meet lender coverage and yield a reasonable investor return; the consultant recomme
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The Committee of the Whole voted to advance Northridge Construction's request for financial assistance for a proposed 155‑unit multifamily project ("The Reserve") and to set the application for further review and public hearings after a preliminary Baker Tilly analysis.
Baker Tilly…
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