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Dubuque approves TIF rebate, $30,000 grant for Fitzgerald Enterprises to create three downtown rental units
Summary
The council adopted a development agreement enabling Fitzgerald Enterprises to invest about $500,000 to create three rental units and rehabilitate commercial space; the package includes a downtown housing grant up to $10,000 per unit and a 15-year TIF rebate estimated not to exceed $150,000.
The Dubuque City Council on May 5 adopted a development agreement with Fitzgerald Enterprises LLC that will fund downtown housing creation and commercial rehabilitation, voting 7-0 to approve a package of a city grant and a tax-increment financing (TIF) rebate.
Economic Development Director Jill Connors told the council the agreement calls for the developer to "make a capital investment of approximately $500,000 to create 3 new residential rental units and rehabilitate the…
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