CRA tax abatement proposed for River & Rail project

Ashtabula Council is considering an ordinance authorizing a Community Reinvestment Area tax incentive agreement with River & Rail Development, LLC, providing 100% property tax abatement for seven years on new residential dwellings at 725 E. 15th Street. The agreement is intended to support long-term rental housing development under the city’s CRA program.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

100% tax abatement for 7 years

Renewal

Seven-year CRA residential tax abatement at 100% of assessed value; no renewals mentioned.

Document type

AgendaPacket

Source document

City of Ashtabula AgendaPacket 2026-08-03

Related contracts

Other contracts from River & Rail Development Llc.

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City of Ashtabula Agenda Regular Meeting 2026-08-03

PENDING

Town of Ashtabula, OhioAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Ashtabula?

River & Rail Development Llc was awarded this government contract by Town of Ashtabula, as recorded on August 3, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Ashtabula AgendaPacket 2026-08-03 (AgendaPacket), dated August 3, 2026 from Town of Ashtabula. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does River & Rail Development Llc hold?

River & Rail Development Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View River & Rail Development Llc's profile

What is Town of Ashtabula currently buying?

Explore Town of Ashtabula's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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