Tax increment rebate for KBP Properties office conversion
Summary
KBP Properties will get up to $149,472 in rebated taxes over 15 years for converting five single-family homes at 4101 W. 19th St into commercial office space in the St. Andrews District. Board members noted the project does not include affordable housing.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Nov 3, 2026.
Impact analysis
Up to $149,472.17 in rebated tax increment over 15 years, offset by new commercial value on a deteriorated property.
KBP Properties and future office tenants in the St. Andrews District.
Mentions & discussions (3)
Public Workshop - Nov 3, 2026
The CRA board was scheduled to discuss the current and future programs in each of its redevelopment districts. These programs determine how tax increment reinvestment dollars are spent in those areas. The discussion could shape future funding priorities.
Community Redevelopment Board - Aug 4, 2026
KBP Properties will get up to $149,472 in rebated taxes over 15 years for converting five single-family homes at 4101 W. 19th St into commercial office space in the St. Andrews District. Board members noted the project does not include affordable housing.
Community Redevelopment Board - Jun 2, 2026
The CPI grant program had only drawn one applicant despite door-to-door outreach, so the board opened it to every eligible commercial property in Millville, not just the US 98/East Fifth Street corridor. It also temporarily removed exclusions on residentially zoned, government, tax-exempt, and religious properties — a change meant to help organizations like the Boys and Girls Club — and will review the results in June 2027.
Related development
Golden Developments, LLC — Oak Avenue Tax Increment Rebate
The project turns a deteriorated downtown building into retail and office space; the rebate is paid only from the new property tax the redevelopment generates.
KBP Properties Office Conversion
A deteriorated property gets a commercial makeover, adding office space and tax base to the St. Andrews District.
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