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Cedar Falls adopts historic‑core revitalization plan offering tax exemptions to spur downtown reinvestment
Summary
Council approved a Cedar Falls Historic Core Urban Revitalization Plan that allows property tax exemptions on qualifying residential and commercial projects in a broad downtown area, aiming to encourage rehabilitation and prevent hollowing of the historic center.
The Cedar Falls City Council voted April 7 to adopt the city’s Historic Core Urban Revitalization Plan, a tax‑incentive program intended to encourage investment and redevelopment in the downtown and adjacent historic neighborhoods.
Staff presented the plan and a map that would expand an earlier College Hill revitalization area to cover territory generally bounded by West First Street on the north, Hudson Road on the west, University Avenue on the south and Highway 58 and the Cedar River on the east. The plan would make properties in that area eligible for property‑tax exemptions on value added by an eligible project.
Shane Graham, city planning staff, described the qualifying incentives:…
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