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Alcazar TIF and rent cap

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Last discussed Jun 22, 2026.

Public comments (1)

SupportiveRico PetroJun 22, 2026

The Alcazar's owner explained the tax abatement mechanics, defended the 10% annual rent-increase cap as necessary to recoup a renovation costing five times the purchase price, and noted longtime tenants pay $500–$800 a month in a market where comparable units run far higher.

Council Committee of the Whole - Jun 22, 2026 · 4:31 →