City’s grant plans change
Nick Todaro, [email protected]
City commissioners have tweaked proposals for tax abatements and grants for downtown historic redevelopment, reaching out to a group of property owners who were overlooked in initial drafts of the incentives program.
Included in alterations brought up at Monday’s special workshop meeting were historic preservation and redevelopment grants that target projects between $15,000 and $75,000. Initial proposals called only for seven-year tax abatements for structures with $15,000 or more in proposed work, and grants of 22 percent of the total project cost for projects over $75,000.