Plymouth City Council Discusses Resolution for Future Tax Abatement

The Plymouth City Council members Monday night reopened the public hearing from the last meeting that included discussion surrounding a resolution to consider the River Gate South Development, LLC as an economic development target area and an economic revitalization area. The approval of the resolution would set up the River Gate South housing development project for a tax phase-in for seven years, meaning no real estate taxes would be paid the first year but it would phase in until full taxes are realized after the 7th year.

Continue reading