“The incentive is a combination of an incremental property tax rebate, construction material sales tax rebate and permit fee rebate.” | Photo courtesy Google Maps
On Tuesday, City Council approved a performance-based infill incentive agreement to rehabilitate a vacant and blighted facility into a workshop space for local artists and craftspeople.
“This project is a perfect example of transitioning an older unused building and turning it into something unique for the community. Not only will this space serve as a workshop for artist but it will also serve as large gallery and performing space,” Rafael Arellano, Economic and International Development Business Service Coordinator said.
The workshop space will be located at 2021 Bassett Avenue.
“It is important we continue partnering with the private sector to bring amenities such as these to our community. Without the support and creativity from local entrepreneurs we would be unable to renovate these blighted buildings,” said Jessica Herrera, Director of Economic and International Development.
Council approved a performance-based inventive package of $68,835 over a 10-year period.
The incentive is a combination of an incremental property tax rebate, construction material sales tax rebate and permit fee rebate.