A recent article in the Jouhnson County Sun was about Stag Commercial Properties acquiring the Commerce Bank Building. The article goes on to explain what the owner of Stag has in mind.
Very interesting and can be read at http://sunpublications.com/201002103703/news/developer-plans-to-restore-building.html
One thing about the article that has me confused is this statement:
"Tubbesing will (emphasis added) receive a tax abatement as part of the city’s Downtown Improvement Incentive Program, which is available for new construction or building improvement that increases the value of a property in the Neighborhood Revitalization Area. Loans and grants also are available for downtown business owners."
Since tax abatements have to be voted on before anybody will receive them I guess the writer of the article must have a crystal ball. Maybe the writer can pick out the next winning lottery number for me? Redevelopment/revitalization is good.................but how does one know ahead of time how the council will vote?
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