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Gateway Apartments receives tax abatement

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A project to build 60 apartments for low- to moderate-income tenants on the former Golden Castings property received a 10-year revised property tax abatement Tuesday.

Columbus city councilmen unanimously agreed to the Gateway Apartments abatement after calculations showed the property is generating only $2,900 in property taxes a year now, and with the revised tax abatement, will still generate $25,000 a year for the city for the next 10 years.

For more on this story, see Thursday's Republic.

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