Owatonna considers TIF district for Apogee
Owatonna appears to be changing its strategy when it comes to persuading Bloomington-based Apogee Enterprises to spend $30 million to upgrade its Viracon plant in the city instead of a rival plant in...
View ArticleMinnesota cities could owe more TIF debt (update)
As Minnesota’s economy clawed its way out of the Great Recession in 2011, its local governments had hundreds of millions of dollars on the line when it came to special districts that siphon off...
View ArticleTrouble for Target in Brooklyn Park? (update)
A coalition of minority and labor groups called the Northwest Community Collaborative wantsTarget Corp. to “step up to the table” when it comes to hiring low-income and minority residents in Brooklyn...
View ArticleEmerson incentives package takes shape
A multimillion-dollar economic development package is coming together for St. Louis, Mo.-based Emerson Electric Co., which is considering transforming most of a half-finished 500,000-square-foot...
View ArticleFree-for-all? Loosened TIF rules may continue for construction projects
Minnesota lawmakers may be set to repeat the same oversight they made in 2010: loosening property tax rules to stimulate construction and hiring, without requiring reporting on how many resulting jobs...
View Article3M, MOA and Mayo seek breaks from state
Maplewood-based 3M Co. is facing some of the same hurdles as Rochester-based Mayo Clinic when it comes to winning Minnesota lawmakers over on unusual economic development proposals.
View ArticleEagan eyes TIF help for Lockheed project
Eagan officials hope to use additional TIF power to potentially redirect millions of future property tax dollars toward CSM Corp.’s proposed redevelopment of the 47.4-acre Lockheed Martin Corp. plant...
View ArticleBest Buy’s corporate big box
Amid tumultuous changes to its business, Richfield-based Best Buy Co. Inc. continues to try to lease unoccupied space at the company’s large corporate campus. The company has never fully occupied the...
View ArticleNicollet Ave. streetcar could come through TIF
Development of a tax-exempt, city-owned parking lot west of the Minneapolis Convention Center could help pay to build a streetcar line along Nicollet Avenue if state lawmakers approve legislation...
View ArticleRacking up rentals in St. Louis Park
A wave of recent multifamily housing projects in St. Louis Park isn’t dissuading a developer from moving ahead with plans to raze a shuttered coffee plant and build 151 market-rate apartments near a...
View ArticleTIF for transit bill advances, with limits
Minneapolis-backed legislation that would let the city use tax increment financing to pay for a downtown streetcar line is advancing, but a more expansive proposal that would allow other cities to...
View ArticleSeeking Plan B for 3M incentives
City of Maplewood officials expect 3M Co. to pull a permit as soon as this week to construct a $150 million research building on its headquarters campus. But they say recent actions in the state...
View ArticleLawmakers may loosen rules again to stimulate construction
The Minnesota Legislature may yet extend a program that loosened property tax rules to stimulate construction and development — though the legislation in its present form does not require reporting on...
View ArticleRyan looks beyond $400M plan
Vice President Rick Collins said Wednesday that Ryan Cos. will seek air rights for development on top of a parking ramp that it is proposing to build for the Minnesota Sports Facilities Authority.
View ArticleSt. Paul seeks TIF for Hamline Station
The Housing and Redevelopment Authority is scheduled to vote Wednesday on a financing plan for the project.
View ArticleHyde closes on 122-acre Fridley site
Minneapolis-based Hyde Development is preparing to tackle the redevelopment of a Fridley industrial site that’s as large as the former Ford plant site in St. Paul.
View ArticleBloomington mulls $3.3M boost to proposed hotel near LRT
The city is considering a $3.3 million loan to McGough development to help spur development of a hotel at the Bloomington Central Station project. The hotel is seen as key to the city’s South Loop...
View ArticlePenn and American Phase II nearly ready to break ground
United Properties and Kimley-Horn and Associates submitted plans for the Penn and American Phase II project, which includes a hotel, restaurant, retail and a grocery store, to Bloomington city...
View ArticleWisconsin TIF bills would spread out tax burden
MILWAUKEE — When Madison officials in 2008 created a tax increment financing district for the city’s southwest side, they predicted the district’s property value would more than triple in the following...
View ArticleTunnel vision in Richfield
The city of Richfield is seeking money for a Highway 77 underpass that would increase access to a prime area for development.
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