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Washington Terrace RDA tentatively approves $100,000 incentive for Adams Avenue office project
Summary
The Washington Terrace Redevelopment Agency unanimously approved a tentative FY2025–2026 budget that includes a $100,000 incentive for an Adams Avenue office building; board discussion clarified the funding comes from property tax increment tied to the RDA.
At a Redevelopment Agency meeting, the board voted unanimously to tentatively approve the agency's FY2025–2026 tentative budget, including a $100,000 economic-development incentive earmarked for an office building on Adams Avenue.
The approval centers on an incentive in the Southeast Area Redevelopment Agency (RDA). Tom, an RDA board member, said the $100,000 incentive is the "main action item" in the proposed budget and is expected to occur in the next fiscal year. "This is gonna…
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