Summary
A 9-story, 60-unit apartment building with 20% of units at 80% AMI is seeking a 15-year NEZ abatement and $2.9 million brownfield reimbursement. Members debated whether the affordability is deep enough and whether union labor will build it; both items return April 30.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 16, 2026.
Impact analysis
The abatement is worth about $5.3 million to the developer, while the city still nets roughly $2.6 million over 15 years versus $2,300 a year in taxes now.
The developer gets tax savings; Corktown gains new housing, retail, and 165 construction jobs, including 12 affordable units.
Critics say higher-income renters get market-rate units while the city forgoes tax revenue that could fund deeper affordability.
Mentions & discussions (1)
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