Wednesday, June 26, 2013

Herald-Times Reports Bloomington Reviewing Tax Abatements

From the Bloomington Herald-Times:

An annual review of tax abatements awarded by the Bloomington City Council to local businesses will be presented at 7:30 Wednesday night during a special council session in City Hall.  Danise Alano-Martin, the city’s director of economic and sustainable development, will present the review. It includes just one new project — a tax abatement awarded to Hoosier Energy in January for its new administrative facility at Tech Park and Schmalz boulevards.  Eleven abatements are currently active, meaning the city is not collecting full tax revenue from the properties. On the other hand, five abatements have expired, including multiple Habitat for Humanity properties on Hay and 14th streets, Morton Street Properties and Metropolitan Printing Services on Morton Street, and Lockerbie Court Condominiums on Walnut Street.

http://www.heraldtimesonline.com/stories/2013/06/26/news.217590.sto