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Post Bulletin
     March 28, 2019      #53-88 PB1 0
 
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Construction on the Urban on First project in downtown Rochester. Photo taken Friday, Jan. 11, 2019.

Andrew Link / alink@postbulletin.com
Eight projects approved for TIF under DMC effort

By Randy Petersen
rpetersen@postbulletin.com


Eight construction projects have been approved for tax increment financing under Destination Medical Center guidelines; seven of those have been started.

The lone holdout? A proposed two-tower project along the Zumbro River has stalled, and members of the Rochester City Council have indicated a desire to change direction after a purchase plan for the city-owned property fell through.

That leaves $425.1 million in DMCC-backed, TIF-supported development since the first approval in 2014.

What is TIF? ...

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Construction continues at the Berkman Apartments at Second Street Southwest and 14th Avenue.

Joe Ahlquist / jahlquist@postbulletin.com