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A $50-million condominium tower planned for the top of the Broadway Bridge seems likely to get a property tax break worth more than $2 million.

A Saskatoon city council committee unanimously endorsed a five-year tax break worth an estimated $2,365,350 for the 17-storey condo building planned for a vacant lot on Broadway Avenue just south of Saskatchewan Crescent.

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A City of Saskatoon report says the project received the maximum points a project can receive under a program designed to encourage building on vacant lots.

The $2.4-million abatement includes both municipal property taxes ($1.4 million) and the provincial education portion ($924,410).

The project includes 112 condo units, three and a half levels of underground parking and two floors of retail/commercial space.

City council granted unanimous approval for the project in February. It encountered far less opposition than a smaller condo development being built about a block away on University Drive.