The Eugene city council is considering suspending the Multi-unit Property Tax Exemption program.
Councilors say they want to retool the program that provides incentives for multi-housing in the core of downtown.
Councilors want to re-evaluate some of the criteria used on applications as well as possibly expanding the eligible areas to the Highway 99 corridor.
Monday was an opportunity for the public to comment on the program and many made it clear they’re a fan of the program.
“We can’t afford the missed opportunities and we can’t afford to send the message that redevelopment isn’t a priority,” said one Eugene resident who spoke at the public hearing. “In most of Eugene the economics simply are not there, MUPTE is a tool and an important tool and it’s one of the only tools we have,” said another Eugene resident.
“It’s not really sending a bad message to the business community,” said Eugene Councilor George Brown. “It’s actually going to provide much better clarity, and that’s what people, developers and bankers, really truly want they want they want clarity.”
Councilors say they will not accept any applications if they do move forward with the suspension.