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Post Bulletin
     March 28, 2019      #53-88 PB1 0
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
Eight projects approved for TIF under DMC effort

By Randy Petersen

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
Randy Petersen, local government reporter, covering the city of Rochester and Olmsted County, as well as Destination Medical Center efforts. He joined the Post Bulletin staff in 2014.