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ECDC approves development agreements for Chalmers redevelopment at former La Crosse Tribune site
Summary
The committee approved three phase development agreements for the Chalmers multifamily redevelopment at the former La Crosse Tribune site, describing project scale, TIF/PAYGO structure and a projected $42 million total project value.
The Economic and Community Development Committee on June 25 approved phase‑by‑phase development agreements for the Chalmers redevelopment, a multifamily housing project on the former La Crosse Tribune site at 215 Pine Street and 401 Third Street North.
Project overview and changes since term sheet
Julie, the staff presenter, told the committee the project — presented earlier in a term sheet in January 2023 — has progressed through design and financing discussions and now comes to the committee as three separate development agreements (one for each phase) at the developer’s request for financing clarity. Julie said the project scope remains largely as previously presented, but the phase line moved slightly, shifting some units and…
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