town-of-bloomingtonagenda-2025-05-21_88a.pdf
Cambridge Square PILOT Aims to Improve Housing
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Description
Gene B. Glick Company seeks PILOT agreement for Cambridge Square, fixing tax liability at $29,376 with a 3% annual increase over 17 years, aiming to rehabilitate 153 affordable housing units and ensure affordability for 45 years. Project saves developer $4.8 million.
Contract Details
Contract Amount
$29,376
Vendor
GENE B GLICK
Agency
Town of Bloomington, IN
Contract Type
PILOT
Document Date
May 21, 2025
Contract Term
17 years
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