Here are some pedestrian enhancements I sketched a year ago for FMN Park.
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I assume by requiring to relocate a warehouse that in turn might require employees but obviously I don't know.BellaVilla wrote: ↑Jul 16, 2021Imo, this is a coup for the new Jones administration and further validates her campaign promise. A couple more projects like this and the status quo will be irreversibly changed.
^^Jones isn't requiring developers to relocate jobs to the city. Its just one of many bargaining tools at the developers disposal when working out a fair deal for the development incentives.
True, I don't know if the developer is the one who proposed the relocation of the warehouse or not. If so, would agree that my point is mute in this deal.BellaVilla wrote: ↑Jul 16, 2021Not to mention there is no reason to assume that the developer itself didn't propose the move in lieu of less abatement, more affordable housing, etc.
If I were a developer, I'd love a 505% tax abatement. City pays me the tax.quincunx wrote: ↑Sep 21, 2021It was on the LCRA agenda. Says there will be a 132-space parking garage to the west of the building and 190 spaces within the new building. The rehab 95% tax abatement for 10 years. The new build 75% for 5 years, 505% for 5 more.


