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City to buy and transfer former juvenile-justice site on Highway 54; developer to demolish structures and receive tax rebate
Summary
The city approved purchase and resale of a 14.183-acre former juvenile-justice property at 3001 Highway 54 to 54 Grand LLC, which agreed to demolish blighted structures within six months; the commission also approved a tax-rebate incentive package for the developer.
The Board of Commissioners approved a municipal order on Sept. 16 authorizing the mayor to execute a real-estate purchase agreement for property at 3001 Highway 54 (the former state juvenile-justice site), to declare the parcel surplus and to transfer it to 54 Grand LLC. The commission also approved a related incentive memorandum of agreement to provide an incremental ad-valorem tax rebate to the buyer.
City Manager Nate Pagan said the vacant site had attracted…
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