GOV
Board Bill Number 88 Votes In Session 2024-2025
Redevelopment Plan for the 1100 Veronica Ave. Redevelopment Area
Board Bill
This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 1100 Veronica Ave. Redevelopment Area. The prospective redeveloper plans renovating the school into 51 affordable residential units at the cost of $21.8 million. There will be 17 one bedrooms, 23 two bedrooms, and 11 three bedrooms. The redeveloper plans to utilize LIHTC, HTC, Home and private funds for this project. Staff supports up to fifteen (15) years of tax abatement as follows: ten years (10) years of tax abatement based on 90% of the assessed value of incremental improvements followed by five (5) years of tax abatement based on 50% of the assessed value of incremental improvements.
02/11/2025 Final Passage Vote Results
This board bill was part of a consent vote along with BB 88, BB 138, BB 145, BB 146, BB 155, BB 160, BB 167, BB 169, BB 170, BB 171, BB 174, BB 175, BB 176, BB 177, BB 178, BB 179, BB 180, BB 182
| Ward | Alderman | Position |
|---|---|---|
| 1 | Anne Schweitzer | Aye |
| 2 | Tom Oldenburg | Aye |
| 3 | Shane Cohn | Aye |
| 4 | Bret Narayan | Aye |
| 5 | Joseph Vollmer | Aye |
| 6 | Daniela Velazquez | Aye |
| 7 | Alisha Sonnier | Aye |
| 8 | Cara Spencer | Aye |
| 9 | Michael Browning | Aye |
| 10 | Shameem Clark Hubbard | Aye |
| 11 | Laura Keys | Aye |
| 12 | Sharon Tyus | Aye |
| 13 | Pamela Boyd | Aye |
| 14 | Rasheen Aldridge | Aye |
| President | Megan E Green | Aye |
