52°F
Sponsored by

Council Vote Makes Way for Galloway Area Apartments

SPRINGFIELD, Mo. -- A vote in Springfield City Council Monday night makes way for the development of new apartments in the Galloway area, however it was not a unanimous decision.
SPRINGFIELD, Mo. -- A vote in Springfield City Council Monday night makes way for the development of new apartments in the Galloway area, however it was not a unanimous decision.

The actual council bill declares the Galloway Redevelopment Area to be blighted.

That means the new apartment's developers can take advantage of a property tax abatement.

Typically only areas in the urban core qualify for the tax abatement.

So the debate was whether to make an exception for this new apartment complex called Township 38 by TLC Properties.

Ultimately the council voted to approve tax abatement, but not all members supported the decision.

"We should also look very cautiously at whether or not we grant tax abatements. We're granting a lot of properties tax abatements and as you take more and more properties off the role it puts more burden on the average tax payer and I don't think that's fair," Council Member Craig Hosmer said.

One of the arguments for the tax abatement is that the economic benefit to the area would be great enough to warrant the break in property taxes.

The developer also says building these apartments wouldn't be financially feasible without the abatement.

The area where those new apartments will most likely be built is 75 acres along Lone Pine Avenue near Sequiota Park.
Page: [[$index + 1]]
comments powered by Disqus