1. Springfield City Council approves tax incentives for Willys-Overland downtown housing...

    Springfield City Council approves tax incentives for Willys-Overland downtown housing...

    The City Council approved tax incentives for the historic Willys-Overland property on Chestnut Street on Monday, providing property tax relief to the new owner to assist plans to convert the site to market-rate housing. The vote was 8-0 to approve the 10-year tax increment exemption agreement with Davenport Companies, under the name Chestnut Acquisitions LLC. Under the agreement, Davenport will have a total tax savings estimated at $310,000 over 10 years, according to the Assessors Department.

    Read Full Article

    Login to comment.

  1. Categories

    1. Industry Clusters:

      Aerospace/Defense, Business Development, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation, Workforce
  2. Topics Mentioned

  3. Authors