The developer of a 6-story, 80-unit apartment building at the northwest corner of Manchester and Hanley roads in Brentwood is asking for a tax abatement due to “extraordinary site development costs” according to a city resolution the board of aldermen will consider at the board of aldermen meeting on Tuesday, Jan. 17.
The aldermen will consider two options. Both require the area to be blighted, resulting in up to 70 percent tax abatement for 10 years to the developer, Gary Hassenflu. The amount of the real property tax abatement would be approximately $445,000.
Option 1 is the tax abatement only. Option 2 contains the tax abatement, plus requires Hassenflu to contribute land and funds (undetermined for now) toward building a pedestrian bridge.
The frequent flooding of Manchester Road is sited as one reason for blighting the area.
The city’s comment: “This location in Brentwood has remained underutilized for too long. The city is eager you have this area of land redeveloped to be productive, attractive and an asset to the Brentwood community.”