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Committee advances redevelopment plan and 10-year abatement for 5105 Cabany Avenue
Summary
Board Bill 55, a redevelopment plan for 5105 Cabany Avenue in the Academy Sherman Park neighborhood, was advanced with a due-pass recommendation; sponsors noted the property applied for rehabilitation before the May 16 tornado and SLDC said the project is under $1 million and follows the city—s tax-abatement map.
Alderman Charmaine Clark Hubbard introduced Board Bill 55 on Tuesday, which approves a redevelopment plan dated Jan. 28, 2025, for 5105 Cabany Avenue and seeks a 10-year tax abatement based on 75% of the assessed value of improvements. The bill was advanced out of committee with a due-pass recommendation.
Clark Hubbard said the property is in the Academy Sherman Park neighborhood and that…
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