St. John's plans for new 20-story east side tower
Quote:
The project's tax-exempt status "raises troubling issues about tax fairness," said Ald. Robert Bauman, whose district includes the site.
"In other words, this project may add a quality building to the built environment but will not add to the tax base," he said.
Construction would likely begin in spring 2018 if the project obtains financing by the end of this year, Anderson said. The tower would take up to two years to complete.
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I would warn against getting excited about this project though. It's in Bauman's district and he has a history of challenging/killing skyscraper proposals. Looks like he is on track to try and do the same here. Can we vote this chump out of office yet?!?!