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Cleveland City Council is likely to renew the current residential tax abatement program, rejecting Mayor Jackson's proposal to limit the term of the abatements, reports the Plain Dealer. The Mayor favors reducing most abatements to seven years from 15, with 12 year abatements for environmentally-friendly design. Many developers believe the abatement program is essential to building new housing in Cleveland.
This page contains a single entry from the blog posted on April 19, 2007 8:53 AM.
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