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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