City of Madison City Council Agenda 2026-06-16
Six-Year Tax Abatement Approved for Clifty Madison LLC Hotel
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Description
The City of Madison approved a six-year real property tax abatement for Clifty Madison LLC for the redevelopment and construction of a new hotel. The abatement offers 100% deduction in the first year and 50% deduction in the following five years.
Contract Details
Vendor
CLIFTY MADISON LLC
Agency
Town of Madison, IN
Contract Type
OTHER
Document Date
June 16, 2026
Contract Term
6 years
Renewal Date
2032-06-16
Renewal Info
No auto-renewal; abatement is for six consecutive years per resolution.
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Related Contracts
City of Madison AgendaPacket City Council Agenda 2026-06-02
PENDINGCity of Madison Redevelopment Commission Agenda May 12 2026
PENDINGMore from Town of Madison
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