EDA recommends 15 year tax exemption for downtown Morehead development project

The City of Moorhead's Economic Development Authority (EDA) meeting on May 1, 2025, highlighted a significant development project aimed at revitalizing a blighted area within the city's Renaissance zone. The proposed project, which includes the construction of new residential units, is set to receive a 15-year property tax exemption, making it an attractive investment for developers.

The Renaissance zone is designed to encourage development in challenging downtown environments, and this project aligns with the city’s goals of creating a walkable district and enhancing mixed-use spaces. The EDA discussed the complexities of developing in this area, particularly given its history as a former gas station site, which requires environmental cleanup. Despite potential challenges, the project is expected to breathe new life into the neighborhood, fostering connectivity between Moorhead's downtown and the nearby Minnesota State University Moorhead campus.

EDA members expressed enthusiasm for the project, noting its potential to generate activity and support local businesses. The construction is anticipated to begin in the summer of 2025, with completion expected by summer 2026. The project aims to address community needs by providing additional housing options and improving the overall aesthetic and functionality of the area.

In addition to the primary project discussion, the meeting touched on traffic patterns and potential changes to one-way streets in the vicinity, which could further enhance accessibility and flow in the area. The EDA's recommendations will be forwarded to the city council for approval at their upcoming meeting on May 27.

Overall, this development represents a proactive step towards revitalizing a key part of Moorhead, with the potential to positively impact residents and local businesses alike.