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Council committee tables HDIP tax‑incentive for 216 Canal Street after affordability questions
Summary
The Budget & Finance Committee tabled a proposed tax‑increment exemption for the Pemberton Mill redevelopment (216 Canal St.) after lengthy debate about whether the developer’s 99 market‑rate units would include income‑restricted housing and requests for historical HDIP/TIF data. The city asked staff to provide past award data and compliance records before the full council considers the application.
The Lawrence City Budget & Finance Committee on Nov. 24 tabled consideration of a tax‑increment exemption (HDIP/TIE) for 216 Canal Street LLC — a proposed redevelopment of the historic Pemberton Mill into 99 residential units — after members pressed for more data on affordability and past program performance. The committee voted to table the item and requested staff provide a historical spreadsheet of HDIP/TIF awards, affordability commitments and compliance records before the project returns to the council.
The project’s principal, Jesus Trejo, described plans for 99 units (primarily one‑ and two‑bedrooms, with a few three‑bedrooms) and 136 on‑site parking spaces, and said the developer…
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