After 20 years of planning, the massive mixed-use, transit-friendly project planned next to Tri-Rail’s downtown station in West Palm Beach is asking for an $80 million tax incentive plan. The project is slated to cost $400 million, and because the project is anticipated to benefit the surrounding community and housing values, the tax incentive would help give developers the green light. Transit Village is a hotel, office and residential development that would include a 300-unit hotel, 21-story office tower and 25-story apartment building, as well as an additional 13 townhomes. Spanning 6.6 acres, the building would offer additional community-centric amenities and retail space. Michael Masanoff, the developer behind Transit Village, told city commissioners acting as the Communit…