The Redevelopment Agency would receive redevelopment fees of $1,000 per unit for a proposed 194-unit project on Main Street, under an agreement approved earlier this month.
Continue reading Redevelopment agreement approved for Donoch II project
Tag Archives: Slokker Real Estate Group
30-Year PILOT could mean 50-percent tax break
The Payment In Lieu Of Taxes (PILOT) for a proposed 196-unit project downtown could mean a tax break of as much as 50 percent in the first year alone and some $17 million versus $34 million over the 30-year life of the program, if certain assumptions are made.
Continue reading 30-Year PILOT could mean 50-percent tax break
$300k contract for environmental services
The Redevelopment Agency last month awarded a nearly $300,000 contract for environmental consulting services related to the Dornoch II/Slokker redevelopment project at Lot B on Main Street.
Main Street project would get 30-year PILOT
The City Council next month will consider the fourth Payment In Lieu Of Taxes (PILOT) in the last two years, this time for the largest project and the longest program yet.
Continue reading Main Street project would get 30-year PILOT
Proposal for Lot B grows to 196 units
Developers are expected to return to the Redevelopment Agency later this year to present an updated vision for two downtown buildings proposed for Lot B on Main Street.
Soil removal next for proposed Lot B project
Thousands of tons of soil must be removed and taken to another site in addition to some remediation at the site of a proposed five-story rental complex near Lot B on Main Street.
Continue reading Soil removal next for proposed Lot B project
City forecloses on 65 E. Cherry St.
The city has begun the process to foreclose on 65 E. Cherry St., where a fire-ravaged building was razed almost two years ago.
City Redevelopment Plan to be revised
The City Council is set to approve a revised redevelopment plan that will consolidate more than three dozen amendments to the existing, 15-year-old redevelopment plan.