1 Lafayette Project PILOT
Description
A presentation on a proposed PILOT (payment in lieu of taxes) agreement for the 1 Lafayette project.
Impact summary
Would end 46 years of vacancy on a Liberty Corridor corner, add roughly $7 million in PILOT payments over 30 years, and lock in over $25 million in state and county grants.
Applicant
- Address
- 1 Lafayette
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Recorded in the meeting · City Council
Last discussed Aug 6, 2026.
Meeting timeline (1)
Related issues (3)
Bourne and Kenney PILOT agreement
The council pushed for stronger language to protect residents of the Kennedy Homes development, but the developer's attorneys haven't responded yet. The item stays on the table pending Monday's council meeting.
1 Lafayette Project PILOT Agreement
A 144-unit affordable housing project on a vacant Liberty Street lot needs a city council PILOT after a new state prevailing-wage law invalidated its IDA approval path. The council has no formal PILOT review process, and several members say they need time and criteria before approving a 30-year tax deal.
1 Lafayette PILOT for affordable housing
The council approved the amended site development agreement and PILOT for Kearney's project, pitched as 'development without displacement' with a right-of-return policy for families displaced by urban renewal. One council member voted no on the development agreement.
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