Allure Development Agreement Amendment
Summary
The developer of the Allure project on First Street asked to combine tax increment financing incentives from two towers into just Tower 1. Commissioners deadlocked after the agency attorney warned the deal conflicted with current state law and lacked a guarantee that the second tower would ever get built.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 22, 2026.
Impact analysis
Consolidates $15,000,000 in potential tax increment rebates onto Tower 1 without increasing total CRA financial obligations.
The private developer, who gains financial flexibility to build the first tower.
Downtown taxpayers and capital projects, if public funds are committed without the promised second tower materializing.
Mentions & discussions (1)
Related development
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