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The Big Lake Economic Development Authority voted 6-1 to deny a request for letters supporting Sand Development, LLC’s proposed 48-unit income-restricted apartment project. The project would target households at 60% of area median income, listed in the minutes as $79,440 for a four-person family.
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The vote means the EDA will not recommend that the City Council provide letters supporting the developer’s application for housing financing. Commissioners cited development timing, wastewater capacity, tax revenue, and the need for balanced growth in their discussion. The EDA also agreed to keep redevelopment as a core goal while focusing on smaller, achievable projects and reviewing its properties individually for redevelopment, marketing, or sale.
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