Medium PriorityDevelopmentopen

724 & 728 Magnolia Avenue TIF Rebate Deadline Extension

Summary

The developer behind the Magnolia Avenue project got seven extra months to finish, pushing the deadline from May 30 to December 31, 2026, because of permitting and impact-fee delays.

At a glance

Total mentions: 1
Last 30 days: 0

Last discussed May 5, 2026.

Impact analysis

💰Financial impact

The TIF rebate will be paid from future tax-increment funds generated by the completed project.

✅Who benefits

The developer and, ultimately, the Downtown North district through new construction on the tax roll.

Mentions & discussions (1)

MeetingMay 5, 2026

Community Redevelopment Board - May 5, 2026

The developer behind the Magnolia Avenue project got seven extra months to finish, pushing the deadline from May 30 to December 31, 2026, because of permitting and impact-fee delays.

Related development

approved

724 & 728 Magnolia Avenue Redevelopment

Keeps the ~$9 million project alive despite delays; the CRA's rebate is paid only from the new tax revenue the finished project generates.

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