· Context
TIRZ board approves incentives for a downtown Hampton Inn, citing Hodgetown
The Tax Increment Reinvestment Zone #1 board agreed to a 10-year property tax abatement and a $900,000 developer streetscape contribution for a planned downtown Hampton Inn, pending council approval. A board member cited the hotel's proximity to Hodgetown.[1][2]
What the sources say
- ✓ Verified
Gary Pitner, TIRZ board member (quote): On April 15, 2026 the TIRZ #1 board agreed to a 10-year, 100% property tax abatement (excluding school district taxes) and a $900,000 developer contribution for streetscape work for a downtown Hampton Inn, pending council approval; board member Gary Pitner cited the hotel's 'close proximity to attractions like Hodgetown.'[1]
- Abatement years
- 10
- Abatement
- 100%
- Streetscape contribution
- $900,000
- ✓ Verified
The TIRZ #1 board's April 15, 2026 minutes record the motion passing 5-0 with one board member abstaining, subject to final approval by the City's legal department.[2]