HRA Recommends Downtown TIF

HRA Recommends Downtown TIF District

The HRA voted 4-0 to recommend creating TIF District No. 27 for Modern Roots’ proposed mixed-use redevelopment at 111 Division Street E. The approximately $2.8 million project has an independently identified financing gap of about $142,000; reimbursement would come only from new property taxes generated by the project, pending City Council action.