Tax stabilization agreements for 256 Broadway, 298 Broadway and 730 Douglas Avenue
Summary
Four tax deals passed first reading, but a debate broke out: none of the housing TSAs require affordable units. Councilors Sanchez and Peterson voted no on the Gano Street project, and the council acknowledged it may need to write affordability requirements into the TSA ordinance itself.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 16, 2026.
Impact analysis
The four TSAs total roughly $12.4 million in tax relief over their terms against about $15 million in private investment.
Developers and future tenants of the new units; the city's tax base long-term.
Advocates argue residents needing affordable units lose out when tax breaks go entirely to market-rate projects.
Mentions & discussions (2)
City Council - Regular Council Meeting — July 16, 2026
Three new tax stabilization ordinances were presented for individual addresses — deals that lock in a property's tax bill for a set period, typically in exchange for development or affordability commitments.
City Council - Regular Council Meeting — February 5, 2026
Four tax deals passed first reading, but a debate broke out: none of the housing TSAs require affordable units. Councilors Sanchez and Peterson voted no on the Gano Street project, and the council acknowledged it may need to write affordability requirements into the TSA ordinance itself.
Related development
20 America Street tax stabilization
Adds 23 housing units with taxes phased in over a decade.
386 Atwells Avenue tax stabilization
Adds 21 apartments plus commercial space on Federal Hill with phased taxation.
157 Gano Street tax stabilization
New development on Gano Street with taxes phased in over ten years.
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