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Authority signs off on M Village work plan; tax increment foregone by corridor authority
5107524 · July 1, 2025
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Summary
The board approved a work plan and authorized execution of a development and reimbursement agreement for the M Village redevelopment, which will build 20 for-sale units in phase one and later up to 51 multifamily units; the Southtown Corridor Improvement Authority agreed to forego about $50,000 a year in tax increment for 25 years.
The Brownfield Redevelopment Authority approved a work plan and authorized execution of a development and reimbursement agreement for the M Village redevelopment at 1865 Eastern Avenue Southeast and 716 Elliott Street Southeast.
Mackenzie (BRA…
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