PILOT agreement for Crawford Door affordable housing
Summary
A $42.7 million adaptive reuse of the former Crawford Door building into 134 affordable apartments (50-60% AMI) with a relocated EVPL branch. The trade-off: property tax exemption for 40 years in exchange for $26,500 annual payments starting 2029, rising 1% a year. Council approved it unanimously after probing questions about the unusual 40-year length.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 2 meetings in the last 60 days; most recently Sep 28, 2026.
Impact analysis
The city forgoes standard property tax revenue for 40 years but receives $26,500/year (rising 1% annually) from 2029 — the full city share since the county exemption doesn't apply.
Income-eligible renters (50-60% of area median income), the Jacobsville neighborhood, and a future relocated EVPL branch.
Taxing bodies would forgo a portion of property tax revenue on the property.
Mentions & discussions (3)
City Council Meeting - Sep 28, 2026
A $42.7 million adaptive reuse of the former Crawford Door building into 134 affordable apartments (50-60% AMI) with a relocated EVPL branch. The trade-off: property tax exemption for 40 years in exchange for $26,500 annual payments starting 2029, rising 1% a year. Council approved it unanimously after probing questions about the unusual 40-year length.
City Council Meeting - Sep 14, 2026
A payment-in-lieu-of-taxes deal would support an affordable housing project at the former Crawford Door site, trading reduced taxes for the housing investment.
City Council Meeting - Apr 27, 2026
Ordinance G-2026-11 would approve a PILOT agreement supporting an affordable housing project, reducing property taxes in exchange for affordable units.
Related development
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Evansville
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.