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Council approves PILOT for Renaissance Towers, cites downtown momentum
Hammond City Council · January 28, 2026
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Summary
The council approved Ordinance 25-28, a 30-year PILOT beginning 2027 for Renaissance Towers: $95,000 the first year with 3% annual increases. Council and mayor said the $27 million development and proximity to the train line are driving downtown investment.
The Hammond City Council unanimously approved a payment-in-lieu-of-taxes (PILOT) agreement for Renaissance Towers and apartments (Ordinance 25-28) at its Oct. 28 meeting.
Councilman Salinas described the agreement: it begins in 2027 at $95,000 a year, escalates 3% annually, and runs for 30 years. He…
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