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Community Investment Committee forwards declaratory resolution for Cascade Phase 2 tax abatement
Summary
The Community Investment Committee voted to send Bill 2611 to the full council with a favorable recommendation. Staff said the six-year abatement would support Wharf Partners’ 8-story Phase 2 Cascade project; estimated abated taxes total about $2.7 million over six years.
The Community Investment Committee voted to forward Bill 2611 — a declaratory resolution beginning the process for a six-year real-property tax abatement for Wharf Partners LLC’s Cascade Phase 2 — to the full South Bend Common Council with a favorable recommendation.
City staff presented the project as an 8-story mixed-use building on the East Bank with about 22–32 residential units and roughly 30,000 square feet of commercial space. Scott Glavish, the city presenter, said the phase-specific…
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