A proposal aimed at stimulating construction of high-rise residential and hospitality projects Downtown will undergo at least a month of incubation after the Downtown Investment Authority board deferred a vote on it March 20.
At its monthly meeting, the board considered a resolution that would adjust the DIA’s formula for calculating the return on investment of incentives for high-rise projects.
The proposal, Resolution 2024-03-06, is designed to encourage developers to build concrete-and-steel towers that would support DIA goals to promote resilience, high density and residential development.