Cottage Grove EDA gets development updates; hotel offer pending, 164-unit Yellow Tree project seeks abatement
The Cottage Grove Economic Development Authority received multiple development updates on April 8, 2025, including a staff offer on a prospective hotel site, a 164-unit Yellow Tree multifamily proposal requesting a 10-year tax abatement (capped at $848,800), and confirmation that a TIF-funded senior housing project filed its annual certificate of compliance.
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The Cottage Grove Economic Development Authority received multiple development updates on April 8, 2025, including a staff offer on a prospective hotel site, a 164-unit Yellow Tree market-rate multifamily proposal that has requested a 10-year tax abatement capped at $848,800, and confirmation that a TIF-funded senior housing project filed its annual certificate of compliance.
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