Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council backs TID development agreement for multiuse project at 310 W. Wolf River Ave
Summary
The council approved a TID development agreement related to a proposed multiuse project at 310 West Wolf River Avenue; the agreement would allow up to 50% reimbursement of increment funding capped at $300,000 and the developer expects to start by December 2025.
The New London Common Council voted 9-0 on May 20 to approve consideration of a tax-increment financing (TID) development agreement for a proposed multiuse development at 310 West Wolf River Avenue.
The project, presented to the economic development committee, calls for two six-unit apartment buildings, one of which would include first-floor commercial space.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
