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New Prague council schedules Nov. 4 public hearing on Yellow Tree tax‑abatement request
Summary
The council voted to schedule a Nov. 4 public hearing on a developer request for a tax abatement tied to a proposed 150+‑unit Yellow Tree apartment project; staff said county and school district participation appears unlikely and residents raised concerns about tax impacts.
The New Prague City Council voted to schedule a public hearing on Nov. 4 to gather public comment and additional information on a tax‑abatement request from Yellow Tree Development for a proposed 150+‑unit apartment project.
Planning staff told the council the developer initially requested an abatement that could amount to 75% of taxable value for up to 15 years, but clarified the current…
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