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Tax break: Parkside Bakery gets 10-year abatement for Baker's Row development

Consent Public Safety

City forgoes property taxes for a decade to encourage private development of a brownfield site. Developer must complete the project to keep the incentive; residents will see a former blighted property converted, but city revenue declines for 10 years.

Counterparty: Parkside Bakery Investment Partners II, LLC Funding source: Unknown Action type: Tax abatement

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