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Pine County agrees to pursue tax‑abatement deal for new eight‑unit Pine City apartments; county share capped at $63,600
Summary
The county board voted to proceed with a term sheet and public‑hearing process for a tax‑abatement request tied to construction of two four‑unit apartment buildings in Pine City. The developer requested $146,300 in abatement over 15 years; the county's proposed share would not exceed $63,600.
Pine County commissioners voted to move forward with a tax‑abatement term sheet for a Pine City housing developer proposing two four‑unit buildings (eight units total) on a vacant city lot. Economic development coordinator Leslie Sauter told the board the developer asked for a total abatement of $146,300 over 15 years, with Pine City covering about $82,700 and Pine County's portion capped at about $63,600. Sauter presented project details: a total…
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