This is the sixth year on the schedule, when the percentage drops from 80 percent to 30 percent. The tax abatement schedule spans a decade, starting with a 100-percent abatement on the improvements to the real property. The vote was unanimous among the seven members present. Without a waiver from Bloomington’s city council for the missed deadline, the owners cannot claim the abatement as a deduction on their 2023 taxes.Īnd on Wednesday night, Bloomington’s city council voted down the resolution that would have waived non-compliance due to the missed deadline. The paperwork has to be filed every year, in order to be in compliance with the terms of the tax abatement that was granted by the city council in 2016. The owners of Urban Station-the apartment building on South Walnut that is also home to the Chocolate Moose-missed a May 15 paperwork deadline. Looking east at Urban Station on South Walnut Street (June 23, 2023)
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