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New TID 7 created to capture Aldi development; board hears preliminary plans and constraints
5458413 · July 24, 2025
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Summary
The board received an update on newly created TID 7, which captures 100% of increment from a recent Aldi development; the district will retain funds for future infrastructure (Hanchy Drive) and faces wetland constraints on some parcels.
The Joint Review Board received an update on the newly created Tax Incremental District 7, which was established to capture development increment on the city’s north side. Judy Radke said the district was created before the Aldi development so the city can capture that growth; staff emphasized Aldi did not request any development grant…
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