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Category: Tempo

City Council Approves Tax Credit, that it Previously Granted in Error

At last night’s meeting, the City Council voted to grant a partial 50% tax credit to Gilbane for the Tempo student housing development. Councilmembers Kennedy, Esters, Rigg and Day voted in favor, Councilmembers Kabir, Dennis, Mitchell, and Mackie voted in opposition. Mayor Wojahn broke the tie by voting in support of the application. Last month, […]

Wednesday April 14th, 2021 in Development, Tempo | Comments Off on City Council Approves Tax Credit, that it Previously Granted in Error

Tempo Student Housing Developer is Asking to Revisit Revitalization Tax Credit that the City Granted in Error

Back in 2019, Gilbane Development applied to the City for a Revitalization Tax Credit for the Northgate undergraduate student housing project. City staff erroneously processed the application and on January 14th, 2020 the Mayor and Council unanimously approved a resolution to provide the tax credit. The revitalization tax credit was estimated at $571,020 in projected […]

Monday February 15th, 2021 in Development, Tempo | 3 Comments »