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Council approves Tallgrass redevelopment plan for 101 N. 14th with $210,000 TIF for facade work
Summary
The Lincoln City Council approved a redevelopment agreement with Tallgrass Development Inc. for 101 North 14th Street, authorizing a $210,000 tax-increment financing contribution toward a $475,000 facade improvement and reserving easements under and around the parking garage for access and maintenance.
Lincoln City Council on Monday approved a redevelopment agreement with Tallgrass Development Inc. to fund facade work at 101 North 14th Street, a project that the city says will close a large curb cut and add street-level retail space.
The council approved the project 7-0 after a presentation by Peter Hein, the city’s director of urban development, and remarks from Tallgrass representatives. The redevelopment includes a $475,000 private improvement for the building facade, of which $210,000 will be provided through the downtown corridors tax-increment financing (TIF) district.
The city says the work will remove a more-than-50-foot curb cut on 14th Street, infill the opening adjacent to the existing parking garage, and create one or two street-level tenant spaces with new storefronts, signage and landscaping. Hein said the project…
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