The Redevelopment Agency last week agreed to amend a redevelopment plan that would allow a developer to essentially swap Main Street storefronts and ultimately bring an upscale liquor store/wine shop downtown.
Continue reading Agency agrees to amend plan for liquor store
The City Council unanimously (8-0) approved a 15-year PILOT for Meridia Lafayette Village at its meeting Monday night that will nearly halve the developer’s overall property taxes while providing more revenue directly to the city than it might typically get once the project is built out.
The City Council on Monday will consider a 15-year Payment In Lieu Of Taxes (PILOT) for Meridia Lafayette Village that would reduce its annual property tax bill by as much as 40 percent.
Continue reading PILOT would shave about $170k off annual taxes
The City Council will consider another 15-year Payment In Lieu of Taxes (PILOT), this time for the 115-unit Meridia Lafayette Village. The PILOT would call for an annual payment to the city of about $156,000, or about $1,356 per unit, based on 10 percent the project’s annual gross revenues, according to the ordinance (O-24-12).
Continue reading PILOT proposed for Meridia Lafayette Village
The relationship between the mayor and city administrator/redevelopment director doesn’t seem to be getting any better.
Continue reading Is it still cold in here? Pretty much…
The developer of two downtown projects under construction presented a new concept for the former Wheatena site at the corner of Elizabeth and West Grand avenues.
Continue reading Concept for ‘The Brownstones’ at Wheatena site
After several changes and a few years of trying to relocate the current tenant of the property, Station Place appears to be moving forward, with construction slated for later next year.
A five-year-old plan for a wine/liquor shop in the former Robinson’s building downtown is still in the works but may end up in an adjacent location.
Continue reading Downtown wine shop/liquor store still in works