The Standard’s tax incentive fails
A TIF for the Germantown redevelopment, which would replace Carrefour at Kirby Parkway and Poplar Avenue, failed by a 3-2 vote.
There are 5 article(s) tagged CRE DEVCO Germantown:
A TIF for the Germantown redevelopment, which would replace Carrefour at Kirby Parkway and Poplar Avenue, failed by a 3-2 vote.
Once the new restaurant, 320 apartments, new retail and parking garage are fully operational, the economic impact to the local economy is estimated at $61.9 million.
Germantown is in the early stages of a potential tax incentive for the redevelopment of Carrefour at Kirby Woods. While no final decisions were made, some aldermen have concerns with the TIF.
Germantown’s Planning Commission held its first formal review of a gated subdivision and approved new phases of developments under construction.
The new plan for the property adds 40 luxury condos and also encompasses more of the original site.
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