ApprovedOther
Karges Lofts Economic Development Area / TIRF Bonds
Description
The council created the Karges Lofts Economic Development Area supporting a $30 million, 125-unit redevelopment of the former Karges furniture factory; the related $6.5 million TIRF bond ordinance gets second reading June 22.
Impact summary
West side residents gain a major housing redevelopment, and the council expects growth in the property tax base; bond specifics and rent rates will be discussed June 22.
Applicant
- Name
- AP Development LLC and AP Karges Lofts LLC (Anderson Partners Development)
- Address
- 1501 West Franklin Ave / 1516 West Fountain Ave
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved8–0, unanimous
Last discussed Jun 8, 2026.
Meeting timeline (1)
Related issues (3)
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