26
Apr
Micro-apartment plan sparks renewed debate on incentive caps
To help schools, libraries and other tax-supported institutions share in the upfront benefits of developments receiving incentives, the Kansas City Council in October enacted an ordinance limiting property tax abatements and diversions to 75 percent.
Six months later, supporters of the reform are wondering when it will be applied for the first time.
On Wednesday, the Land Clearance for Redevelopment Authority considered limiting a 10-year abatement for a 51-unit micro-apartment project at 5522…
Source: Arizona Business Journal
