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Article: STATE AWARDS THREE TACOMA DEVELOPMENT PROJECTS $12 MILLION IN COMMERCIAL REVITALIZATION DEDUCTIONS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 15, 2008
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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 three commercial building projects in Tacoma.
Each year projects compete for $12 million in CRD allocations. The State of Washington awarded the allocations to:
* Fred Roberson office building: $900,000
* Carrera GT, LLC, office building: $2,600,000
* Pacific Plaza Development, LLC, office building: $8,500,000
The benefits to these projects include a reduced federal tax ...