The two companies are planning to build 23 town houses, 53apartments, retail space, a parking garage and a public plaza. TheHousing Authority has been working on the project for more than 10years. According to city staff estimates, the city will realize anet gain of $450,000 in property taxes over 20 years despitegranting the exemption. Only Councilwoman Jeanne Lipton votedagainst continuing the tax break, saying the tax break is meant forimproving blighted areas, and she didn't think the Houghneighborhood property falls into that category.
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