The Fargo City Economic Development Incentives Committee convened on February 25, 2025, to discuss significant redevelopment projects aimed at revitalizing blighted areas in the city. The meeting highlighted two key proposals that seek assistance through the Tax Increment Financing (TIF) program, reflecting the city’s ongoing commitment to urban renewal and housing development.
The first proposal came from Linnan Lofts LLC, which aims to transform two long-vacant and dilapidated buildings into a new 22-unit apartment complex. The managing member of Linnan Lofts LLC presented plans for the redevelopment, which includes 16 one-bedroom and 6 two-bedroom units, along with 21 enclosed parking spots. The properties, which have been vacant for over three years and are over 120 years old, are currently under contract, pending city approval. The developer emphasized a long-term investment strategy, indicating no plans to sell the property after completion. The committee expressed support for the project, approving the motion to move forward.
Before you scroll further...
Get access to the words and decisions of your elected officials for free!
Subscribe for Free In a related discussion, Jim Gilmore presented a renewal plan for the Cut the Skyline TIF request, which has been in development since 2018. This initiative focuses on an area near North Dakota State University (NDSU) that has been identified as blighted. Following the demolition of several dilapidated homes, the site is now vacant, and plans are in place to construct an 80-unit apartment building with interior parking. Construction is anticipated to begin in April 2025, with completion expected by summer 2026.
These discussions underscore Fargo's proactive approach to addressing housing shortages and revitalizing underutilized properties. The approval of these projects not only aims to enhance the urban landscape but also reflects a strategic effort to meet the growing demand for housing in the area. As the city moves forward with these developments, the community can expect increased residential options and a positive impact on local economic growth.