The Fourth and Pike Apartments project across from Lytle Park “received a vital show of support at City Hall” as the budget and finance committee voted in favor of a 15-year, 52% tax abatement, WCPO.com reports. The city “projects the development will cost more than $19 million” and “would bring more people Downtown who would also contribute to the income tax base,” according to the article. Developer Eagle Realty Group is “remodeling the building into 30 refurbished apartments and making several other improvements to the 50-year-old property.” David Nevers, vice president of public relations for Eagle’s parent company, Western and Southern Financial Group, said the tax revenue the project will bring to the city “is going to grow and it’s going to grow significantly.” For more, read the full article.
Downtown Cincinnati apartment project gets initial approval for tax incentive
