Wareham Hall’s $40 million renovation project got a major boost Tuesday night as the Manhattan City Commission unanimously approved a package of incentives.

Commissioners authorized industrial revenue bonds and a 10-year, 100% property tax abatement for the project, which will also receive up to $6 million in federal historical tax credits to go along with state historical credits.

The project will also receive a $350,000 cash incentive as a reimbursement from the city for planned future public infrastructure improvements, which will be paid out of a combination of sales tax and transient guest tax dollars.

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City officials are considering a request to amend the sales tax exemption for renovations to Wareham Hall in downtown Manhattan.

The item is part of the Tuesday work session agenda. The meeting will begin at 6 p.m. in City Hall.

City administrators seek direction from the city commission over a proposed 10-year, 100% property tax abatement for the project. The developer also requests a $350,000 cash incentive for public infrastructure improvements.

The city, in December 2023, approved a resolution of intent to issue industrial revenue bonds for a sales tax exemption. Since then the project’s budget increased from $25 million to $40 million, according to agenda documents.

To view the full article visit theMercury.com.

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The post City officials to consider Wareham’s request for tax incentives appeared first on News Radio KMAN.