A redevelopment project is moving forward with the help of a significant incentive package. The project's cost is estimated to be around $200 million. A new apartment complex, public park, and townhomes are part of the plan for the 13-acre site.

The incentive package is valued at $4.33 million. A tax abatement is included, worth $2.55 million over 10 years. This will take effect if the acquisition of the site is completed.

Further details about the project and its timeline are available. The acquisition and construction are expected to begin soon, with the site set to include 85 for-sale townhomes and other amenities.