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Developers ask for Office-to-Anything eligibility change; Chinatown residents warn of displacement
Summary
A dispute over eligibility for the city's Office-to-Anything-style tax abatement surfaced when Chinatown project sponsors requested an amendment that would change program rules and potentially make their boutique hotel eligible for tax relief.
A dispute over eligibility for the city's Office-to-Anything-style tax abatement surfaced when Chinatown project sponsors requested an amendment that would change program rules and potentially make their boutique hotel eligible for tax relief.
Refali Capital's Barakat Selassie and partner Stephen Roediger told the Committee the Chinatown Marriott Tribute Hotel is a shovel-ready, $75 million project that repurposes contiguous row homes and would rely on a tax abatement to close a financing gap.…
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