Oak Avenue tax increment rebate for Golden Developments
Summary
Golden Developments gets back 80% of the new property tax generated by redeveloping 534 and 541 Oak Avenue and a neighboring parcel — up to $337,101.78 over 15 years. Board members clarified the rebate only applies to the tax increase the project itself creates, not the roughly $1.2 million land acquisition cost a board member questioned.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 2, 2026.
Impact analysis
Up to $337,101.78 in rebated property tax increment over up to 15 years — money the project's redevelopment generates that would otherwise flow to the CRA.
Golden Developments, and ultimately the downtown North district if the revitalized retail and office space lifts property values and tax rolls.
Mentions & discussions (1)
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