Student-housing developer seeks $9M in tax breaks for $83M p

Student-housing developer seeks $9M in tax breaks for $83M project at Muir Woods


Student-housing developer seeks $9M in tax breaks for $83M project at Muir Woods
Buffalo News (NY)
$83.3 million student-housing development at Muir Woods in
Amherst says it needs nearly
$9 million in tax breaks to make the project financially viable.
The
Austin, Texas-based real estate developer,
Aspen Heights Partners, also is seeking an unusual property-tax arrangement to support the project, which includes nearly
$5 million in infrastructure improvements for roads and utilities that it says go beyond the basic development.
Aspen is planning to construct a residential complex of cottage and townhouse-style units on a 46-acre site, aimed at students at
University at Buffalo. It's ultimately designed to accommodate as many as 1,800 students.

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