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The Salt Lake City School District estimates it could lose up to $500 million over the next 25 years in property tax revenue for the area now under control of the Inland Port Authority Board. It also worries about how the massive global trade hub planned for Salt Lake City’s westernmost area could affect students’ education in the face of growth and the possibility for worsened air quality. But although a spokeswoman estimates the district is “the largest taxing entity” affected by the port, it doesn’t have a seat on the 11-member board created to oversee the development — and it doesn’t appear it will get one anytime soon. “Not this session,” said House Majority Leader Francis Gibson, R-Mapleton, who currently serves on the Inland Port Authority Board. "As we get working groups, they will be part of that. And as the board develops more and we have an executive director, then we’ll revisit the board constitution.” … [Read more...] about Three schools are within a mile of what’s called Utah’s largest development project ever. But right now, they have no say in its future.
Bhaktapur development project
Major progress expected at several development projects around the region
High-profile developments throughout Maryland aiming to provide in-demand space across a variety of sectors expect substantial progress in 2019. Projects ranging from “Chapter 1” of Weller Development Co.’s $5.5 billion Port Covington overhaul in Baltimore to the Chestertown Business Campus project in Kent County seek to capitalize on market appetite for industrial buildings, multifamily residential and cybersecurity supporting infrastructure. This article is part of The Daily Record’s special publication, Doing Business in Maryland: Outlook 2019. More stories from this publication:Major progress expected at several development projects around the region | While 2019 economic outlook is good, less optimism looms for future | Generational leadership shifts at companies can lead to technology changes | Cybersecurity talent pool is small but in high demand | Maryland companies are embracing industry disruption in order to survive Browse profiles of the state, … [Read more...] about Major progress expected at several development projects around the region
BPDA Approves Seven New Development Projects
The Boston Planning & Development Agency (BPDA) has approved seven new development projects in the South End, Allston, Brighton, South Boston, Jamaica Plain and East Boston. The projects will provide 223 residential units to the city, with 42 of them affordable housing. These developments will also create more than 4,000 jobs, according to a statement from the BPDA. Below are the seven development projects approved: Exchange South End, is a 1.6 million-square-foot property to house life science, technology and commercial space. The project will contribute $12.5 million in housing linkage funds to support affordable housing, and $2.5 million in jobs linkage funds to support job training and workforce development. 30 Penniman Rd. in Allston will bring affordable housing units to Penniman Park, with 46 residential condominiums in a new 7-story building. The approved project proposal also includes a contribution of $46,000 toward improvements and … [Read more...] about BPDA Approves Seven New Development Projects
Take a peek inside construction at Miami’s biggest development project. Maybe ever.
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2 Syracuse development projects get increased tax breaks
Syracuse, N.Y. -- A city agency has approved an increase in the value of sales tax exemptions for two development projects that have run millions of dollars over their original construction budgets. Pioneer Cos. reported spending $14.2 million more than its original $27.5 million budget to redevelop the historic, 21-story State Tower Building at 109 S. Warren St. It converted vacant and underutilized office space on the building's upper floors into 61 apartments and renovated office and retail space on its lower floors. Much of the extra spending was to correct water damage to the building's exterior, the company said. More than 60,000 lineal feet of asbestos-containing caulking was replaced and many of the building's parapets were rebuilt. BVSHSSF Syracuse LLC, the developer of the 244-unit Peak Campus student housing project set for occupancy this fall at 945 E. Genesee St., said its costs have risen from $66.6 million to $71.5 million. It attributed the increase to … [Read more...] about 2 Syracuse development projects get increased tax breaks