bloomington-monroe-county-metropolitan-planning-organization-agenda-2025-06-04_0b1.pdf

Gene B. Glick Company seeks payment in lieu of taxes agreements to support renovation and affordability for Cambridge Square and Henderson Court in Bloomington. Cambridge Square and Henderson Court PILOT agreements would fix the tax liability at a percentage of the baseline assessed value for 17 years, increase at 3% annually. The projected lifetime reduction in revenue over the life of the Cambridge Square PILOT is $469,421. For Henderson Court the projected reduction in revenue over the life of the PILOT is $1,286,669.