Summary:
- Tallahassee’s Downtown Redevelopment Commission recommended a $238,000 annual tax rebate for Park7Group to build a nine-story student housing complex at 730 Gaines Street, with the Community Redevelopment Agency set to decide final approval.
- The developer projects $2.1 million in public benefits including upgraded sidewalks, resurfaced streets, and improved stormwater infrastructure, while the property tax payments would increase from $25,000 to an estimated $821,000 annually after completion.
- The project faces concerns over student housing definitions and tax break policies, as some officials urge clearer criteria to prevent future projects from seeking similar incentives, while others emphasize the importance of supporting student housing growth in the area.
Original article:
