CRA Tax Abatement Reset — mixed-use residential/commercial project
Lorain
Description
A property owner with completed second-floor apartments and a first-floor pizza shop in the works got the city to restart his CRA tax abatement for 12 years starting 2027.
Impact summary
The improved property's higher tax value will be abated for 12 years, delaying new tax revenue for schools and other taxing bodies, but the long-vacant project is finally being finished and occupied.
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Discussed at 1 meeting in the last 60 days; most recently Oct 5, 2026.
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