Description
A 30-year tax increment financing deal for the Alcazar parcel, revised to cap rent increases for existing long-term tenants at 5%, 7.5%, and 10% over three years.
Impact summary
The redevelopment gets three decades of tax relief while existing tenants get protection from steep rent hikes.
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Recorded in the meeting · City Council
Approved
Last discussed Aug 17, 2026.
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