The long-awaited Bierhaus Flats Subdivision is another step closer to reality. Vincennes City Council has approved a preliminary resolution for a tax abatement resolution as the next step toward construction of the 240-unit complex.
If final approval is granted, the resolution would allow a 60 percent break on property taxes on the property for the next ten years. The property would be located along Bierhaus Boulevard across from Kohl’s near Hart Street.
The resolution also designates Bierhaus Flats as an economic recovery area. That move made it eligible for the abatement. The preliminary motion was approved unanimously. A required public hearing will be held before the proposed tax abatement could get final approval by Council members.
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