Great deal!This property is sold with the vacant land next to it at 8026 Trinity (40x137). The DLBA is looking for a thoughtful Land Based Project for this site. A Land Based Project uses land for urban agriculture, gardening, beautification, other productive uses, whether for profit or as a community based activity. All offers need to include a plot plan showing how the buyer intends to activate the site. Please refer to the attached Plot Plan Instructions and DLBA proposal guidelines”.Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests.The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase & development financing.
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