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    You are at:Home»Local News»City to vote on tax incentives for Commerce Bank building redevelopment

    City to vote on tax incentives for Commerce Bank building redevelopment

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    By KMAN Staff on December 14, 2024 Local News, Manhattan

    Manhattan city commissioners on Tuesday will decide whether to give incentives to a project to redevelop the Commerce Bank building at Eighth Street and Poyntz Avenue.

    Officials from Hartfield LLC are requesting up to $15 million in industrial revenue bonds and a 10-year property tax abatement to turn the downtown building at 727 Poyntz Ave. into a retail and residential space.

    If passed, the ordinance would allow the developer to pay taxing entities a total of the roughly $2 million 2024 value of the building over the next 10 years.

    To view the full article visit theMercury.com.

    Click here for more local news.

    2024 city budget amendment Carlson Plaza demolition CiCo Park improvements Commerce Bank building redevelopment Downtown Manhattan revitalization Eighth Street and Poyntz Avenue Employee benefits funding Fire pension Hartfield LLC project HUD payment Industrial revenue bonds Manhattan City Commission manhattan housing authority Property tax abatement Public hearing Manhattan Kansas Retail and residential development sales tax Transient guest tax
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