Enterprise zone created around former Goog’s Pub site

HOLLAND — Tax incentives were the primary agenda items for the final Holland City Council meeting of the year, as several businesses sought aid for their expansion and building projects in the city. 

The parcels included in a new Neighborhood Enterprise Zone established by the city around the former Goog's Pub site. Projects within the zone can apply for special tax incentives.

Council approved the creation of a neighborhood enterprise zone around the former Goog’s Pub, 667 Hastings Ave. Wednesday, setting the stage for the developer of a mixed-use building at the Goog’s Pub site to request an NEZ tax incentive.

The NEZ was created for and around the mixed-use project at 667 Hastings, but it extends to a total of 14 parcels along Hastings Avenue from Ida Red Parkway to 32nd Street. NEZs require at least 10 parcels.

With the creation of an NEZ, the developer can now request an NEZ tax incentive that would freeze the property’s taxable value for eight years. While taxes on the current value would continue to be paid, any new value from the property improvements won’t be taxed until the abatement phases out.

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