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John Knox Village asks council to renew redevelopment abatement; council presses for more detail, schedule and performance guarantees
Summary
John Knox Village presented a conceptual redevelopment plan and requested a renewed Chapter 3'53 tax-abatement program to reimburse demolition/greenfield-restoration costs over an extended schedule (10 years at 100% then 15 years at 50%). Council expressed concern about prior plan delivery, cost variances, resident relocation and asked staff and the applicant to produce a tighter plan with schedules and performance measures; staff will work with JKV on a revised proposal, possibly starting with a limited extension.
Representatives from John Knox Village (Anthony Calombato, president, and senior finance and operations staff) presented a conceptual redevelopment plan for a 25'acre swath of the campus and requested that the council reauthorize a Chapter 3'53 tax-abatement structure to continue reimbursing greenfield restoration (demolition, site prep and relocation) costs for remaining parcels.
JKV summarized prior plan performance and what it wants from a new agreement: total historical project costs reported at about $105,000,000 with $7,900,000 of reimbursable greenfield costs to date; the 2025 conceptual plan estimates $171,000,000 in remaining redevelopment cost and anticipates a financial benefit of…
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