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The committee recommended that City Council approve a 15-year, 100% tax exemption on improvements for a $24 million office and retail renovation at 15 W. Central Parkway. It also recommended tax exemptions for projects adding 22 rental units at 21 West Court Street and 2280 Harrison Avenue.
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These recommendations would reduce taxes on the value of improvements for three redevelopment projects, but the exemptions still require City Council action. The projects include 22 new or renovated rental units, about 4,800 square feet of commercial space at West Court Street, and a planned 55,000-square-foot office renovation with 4,000 square feet of retail space downtown. The committee also recommended an honorary secondary street name, Deputy Larry Henderson Jr Way, for part of Dr. Martin Luther King Jr. Drive West.
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