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Article: STATE AWARDS FOUR TACOMA DEVELOPMENT PROJECTS $12 MILLION IN COMMERCIAL REVITALIZATION DEDUCTIONS

Article from:
US Fed News Service, Including US State News
Article date:
January 5, 2007
Copyright

The city of Tacoma issued the following news release:

The Washington State Department of Community, Trade and Economic Development accepted recommendations from the City of Tacoma and the Tacoma Community Redevelopment Authority for $12 million in Commercial Revitalization Deductions (CRD) this year. The CRDs were awarded to four commercial building projects in Tacoma.

Each year projects compete for $12 million in CRD allocations. This year, five projects applied for funding. The state of Washington awarded the allocations to:

* 1201 J St LLC for the "First Swedish Baptist Church" Building: $340,000

* Atrium Court LLC on behalf of future commercial owners: $3,060,500(This is in addition ...

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