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Council approves redevelopment agreement, tax abatement for 328 East Broadway (Colonial Hotel)
Summary
The Excelsior Springs City Council unanimously approved a redevelopment agreement and Chapter 353 tax abatement for 328 East Broadway, a project presented as an interior and exterior rehabilitation of the former Colonial Hotel by owner Susan Blazer. The investment was listed at $476,626.80 and the abatement qualifies for Level C benefits.
The Excelsior Springs City Council on July 21 approved a redevelopment agreement and a Chapter 353 tax abatement for 328 East Broadway, the building identified in the meeting as the former Colonial Hotel.
Laura Mize, Community Development staff, told the council the property had been obtained by owner Susan Blazer and that the planned work includes a full interior remodel and exterior repairs: rebuilding balconies, roof work, masonry repair, restored windows (Mize said 72 windows would be restored), new HVAC, plumbing repairs, and…
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