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Council debates TIF aid for 122 North Main redevelopment; staff to invite developer for details
Summary
Council reviewed a redevelopment request for 122 North Main, where a developer seeks city assistance for structural and interior work on a ~4,000 sq ft building; staff presented subsidy scenarios and council asked staff to return with the developer present to finalize terms.
The Committee of the Whole reviewed a tax-increment financing request for the redevelopment of 122 North Main — the former Bronx Sports Center — after staff described roughly $478,738 in proposed work to split the building into two units and to repair structural damage. John Oliphant, planning and zoning staff, said the project is primarily interior modernization with some exterior work to provide a second means of ingress and egress and that the developer has a building permit and would like to begin structural work immediately.
Oliphant told the council the city’s TIF policy typically…
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