After nearly a decade of wishing and hoping, the owners of the Liberty Tower want to build 90 apartments inside the building.
It’s a more-than-$14.5 million investment and the owners are asking for an eight-year property tax abatement from the City of South Bend.
The South Bend Tribune reports the developer has already invested $40 million dollars in the building that already houses the Aloft Hotel.
A council committee has recommended the tax abatement be approved.
A vote from the full Common Council could happen during their meeting on April 10.
An eight year tax abatement, how does the average working class Joe get a deal like that ? This wealthy developer wants the city of South Bend to give them a break on their overpriced luxury apartment building. This doesn’t seem fair when struggling homeowner are getting increases on their property taxes.