AC-T: Asheville may pay to keep RAD apt. project affordable

Here’s an excerpt from the Asheville Citizen-Times article:

City government is considering paying the developer of apartments and retail space planned for the River Arts District more than $760,000 in return for limits on residential rents in the project.

City Council has set an Aug. 26 public hearing on the proposed incentive grant for RAD Lofts, to be located on the former Dave Steel property at the “five points” intersection where Roberts Street, Depot Street, Lyman Street and Clingman Avenue meet.

SHARE
About Jake Frankel
Jake Frankel is an award-winning journalist who enjoys covering a wide range of topics, from politics and government to business, education and entertainment.

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.