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Pensacola City Council OKs West Main Master Plan tax rebate program

The Pensacola City Council on Monday night unanimously approved a new tax incentive program under the city s Community Redevelopment Agency for development projects in the city s Waterfront Redevelopment District.
The new program allows developers to claim a tax rebate on new property tax revenue generated by a project that meets the program s criteria.
To qualify, a development has to create $40 million in taxable value to a property and meet other financial requirements, including having 10% of the value of the project committed to affordable or workforce housing, before it could be considered by the CRA.
The tax rebates under the program would be limited to 10% of any project s total development cost. ....

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Pensacola city council should not derail progress at Maritime Park

Pensacola city council should not derail progress at Maritime Park
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