Fort Myers OKs $22.4 Million in Increment Tax Rebates for New Developments
Two development companies asked for $22.4 million in increment tax rebates from the City of Fort Myers, in exchange for building new housing and commercial projects. The Fort Myers Community Redevelopment Agency (CRA) commissioners had lots of questions, but granted the rebates, to be paid over a period of time. First Alessio Development wanted $11.4…