Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lebanon council approves Chapter 100 application to support Bridal Properties’ $40M apartment project
Summary
The City Council voted to adopt Resolution 5‑11, authorizing Bridal Properties to pursue Chapter 100 financial incentives for a 216‑unit apartment on the city’s southwest side and a later downtown mixed‑use project; developers said the apartment project is estimated at about $40 million.
The Lebanon City Council on Monday approved Resolution 5‑11, allowing Bridal Properties to begin the application process for Chapter 100 economic incentives for two proposed developments, including a 216‑unit apartment complex estimated at about $40,000,000 and a subsequent mixed‑use building at the former H.D. Lee site downtown.
City staff said the incentive request aligns with the City’s 11/2040 comprehensive plan goal to expand housing choices and affordability. The resolution authorizes Bridal Properties to apply for Chapter 100 bonds, described in council presentation as including a 10‑year, 100% real estate property tax abatement and sales‑tax exemptions on construction…
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
