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Neighborhood Docs
Project Number: 20170502
Pilot Type: Community Builder
Status: Approved
Parcel ID: 05901900028 05901900027
County Commission District: 10 | City Council District: 04
Pilot Type: Community Builder
Status: Approved
Parcel ID: 05901900028 05901900027
County Commission District: 10 | City Council District: 04
Summary
Neighborhood Docs was awarded a 15-year Community Builder PILOT to support the development of a multi-specialty healthcare center through renovation and new construction. Neighborhood Docs was established by Joseph C. Greer, DDS (owner of 2829 and 2833 Lamar), William Terrell, Jr., MD, and Rodney S. Meyers in order to expand the work of the Good Health Institute which has been active in the area for 15 years.Neighborhood Docs plans to provide state-of-the-art healthcare services to the surrounding inner-city neighborhood. The ultimate goal is to impact emergency room misuse by promoting proactive healthcare through access to primary care doctors for both medical and dental treatment. The plan is to expand and rebrand the existing Good Health Institute substantially into Neighborhood Docs, to provide a convenient "one stop shop" for healthcare services.
PILOT Term:
15
Projected New Jobs:
36
Projected Retained Jobs:
6
Total Jobs:
42
Projected Average Payroll of New Jobs:
$52,119
Projected Average Payroll of Retained Jobs:
Not applicable
Annual New Direct Payroll:
$1,876,284
Annual Retained Direct Payroll:
Not applicable
Total Capital Investment:
$3,744,919
Real Property Investment:
$3,419,919
Personal Property Investment:
$250,000
Community Reinvestment Credit (CRC):
Not applicable
Capital Investment not in PILOT:
$75,000
Projected Tax Revenue:
$2,937,858
Projected Taxes Abated:
$1,092,317
City:
$477,967
(75%)
County:
$614,350
(75%)
Benefit/Cost Ratio:
Not applicable
Projected MWBE/LOSB Spending:
$655,078
Incentive Provided:
$1,092,317
Compliance Information
Not applicable
Approved
5/17/2017
Ramp up Period
1
Closing
Not applicable
Effective
Not applicable
Lease Begins
Not applicable
Lease Expires
Not applicable
Amended
Not applicable
Property Details
Lease Began
Not applicable
Lease Expires
Not applicable