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University City approves up to $60 million in taxable industrial revenue bonds for Parkview Place; developer says no resident displacements
Summary
The University City Council on Oct. 27, 2026, adopted Bill 9576 authorizing up to $60,000,000 in taxable industrial revenue bonds to finance the Parkview Place redevelopment, with the developer saying existing residents will not be displaced and rents will remain the same during and after renovation.
University City — The University City Council on Oct. 27, 2026, adopted Bill 9576, an ordinance authorizing the city to issue taxable industrial revenue bonds for the Parkview Place project in a principal amount not to exceed $60,000,000. The council approved the ordinance by roll call after a brief exchange about resident impacts.
The ordinance, introduced for the second/third reading as Bill 9576, authorizes the city to issue bonds to pay costs of acquiring, constructing and improving a facility for an industrial development project in the city…
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