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Tim Keller, Mayor06.07.2024To:Albuquerque Development CommissionFrom:Ciaran Lithgow, Redevelopment Project ManagerSubject:Highlands Central Market & Residence Inn Redevelopment Tax Abatement Application

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Developers seek tax breaks in order to reduce their financial burden and incentivize investment in projects.

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Developers who are looking to benefit from tax breaks offered by the government are required to file for them.

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The purpose of developers seeking tax breaks is to encourage development and stimulate economic growth.

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