Summary
A presentation on a payment-in-lieu-of-taxes deal for the 1 Lafayette development. PILOTs affect how much property tax revenue the city collects from major projects.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 24, 2026.
Impact analysis
Unknown at this stage; PILOT terms determine future tax revenue.
The project developer and, if the project proceeds, future tenants; the public benefits if the development delivers community value.
Potentially the city's tax base if PILOT terms reduce revenue below standard assessments.
Mentions & discussions (2)
City Council - Sep 24, 2026
The city was set to review a payment-in-lieu-of-taxes deal for a project that would create about 143 affordable apartments on Liberty Street. The PILOT structure determines how much the developer pays the city instead of full property taxes.
City Council - Aug 6, 2026
A presentation on a payment-in-lieu-of-taxes deal for the 1 Lafayette development. PILOTs affect how much property tax revenue the city collects from major projects.
Related development
1 Lafayette Project PILOT
PILOT terms would shape future tax revenue from the site and whether the project moves forward.
One Lafayette Housing Development Fund Corporation PILOT
The PILOT shapes both the affordability of the housing and how much tax revenue the city collects from these parcels.
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