March 16, 2010 in City

Tax exemptions OK’d for Kendall Yards

By The Spokesman-Review
 
Tags:Kendall Yards
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Background and the latest updates

The eventual owners of 279 proposed residences in Kendall Yards will not have to pay property taxes on the new townhouses, condos and apartments for 12 years.

The Spokane City Council on Monday voted 5-0 to accept Greenstone Corp.’s application for multifamily tax exemptions on the portion of Kendall Yards west of Maple Street. Kendall Yards is a 78-acre development west of Monroe Street, just north of the Spokane River. Greenstone estimates that 68 percent of the 279 units will be aimed at families that earn 120 percent or less of the median income in Spokane County.

The exemption program is aimed at encouraging residential growth in several neighborhood centers.

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Four comments on this story so far. Add yours!

  • cowboy on March 16 at 9:39 a.m.

    The city just screwed themselves this coupled with the murderous cops will have me voting no for anything they want. ANYTHING!

  • citizen on March 16 at 10:18 a.m.

    If these residents can afford to buy they can also pay their taxes. This givaway program only has raised our taxes and we don’t owe these chislers anything. What kind of dealers are our city leaders? Why don’t they force the builder to cut innother ways? Citizen

  • citizen on March 16 at 10:21 a.m.

    This is so stupid. When I put air conditioning in my home they raised my taxes. Citizen

  • cowboy on March 17 at 9:11 a.m.

    the only good point to all this is the wonderful view they will have from the north side, county facilities and seedy town.

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