Commercial Building Near Westdale Mall Gets City Hall Tax Break

By Rick Smith, Reporter

An entrance to Westdale Mall in Cedar Rapids on Wednesday, February 15, 2012. (Nikole Hanna/SourceMedia Group News)


By Katie Stinson

CEDAR RAPIDS, Iowa — The City Council on Tuesday approved a development incentive for the Hunter Companies to add a 12,000-square-foot commercial building to existing ones next to Westdale Mall.

The incentive is in the form of a partial property-tax break over 10 years that will equal about 44 percent of the tax over the 10-year period.

In that time, the new building at 2320 Edgewood Rd. SW is expected to generate $335,000 in property-tax revenue, $188,000 that will be paid and $147,000 that will be exempted, the city estimates.

The council on Tuesday designated the building site as an urban revitalization area so it qualified for the tax incentive.

After the council meeting, council member Scott Olson said the Hunter Companies successfully argued to city officials that it deserved a tax break because the city has given a significant economic development incentive to Frew Development Group and its $90-million project next door to transform Westdale Mall into a retail, residential and office community.

Conversation Guidelines

Be Kind

Don't use abusive, offensive, threatening, racist, vulgar or sexually-oriented language.
Don't attack someone personally. Keep it civil and be responsible.

Share Knowledge

Be truthful. Share what you know and what you are passionate about.
What more do you want to learn? Keep it simple.

Stay focused

Promote lively and healthy debate. Stay on topic. Ask questions and give feedback on the story's topic.

Report Trouble

Help us maintain a quality comment section by reporting comments that are offensive. If you see a comment that is offensive, or you feel violates our guidelines, simply click on the "x" to the far right of the comment to report it.

read the full guidelines here »

Commenting will be disabled on stories dealing with the following subject matter: Crime, sexual abuse, property fires, automobile accidents, Amber Alerts, Operation Quickfinds and suicides.

facebook twitter rss mobile google plus
email alerts you tube hooplanow pinterest instagram

What's On KCRG