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Council approves Renaissance-zone tax exemption for 28-unit downtown Moorhead project
Summary
The Moorhead City Council approved a 15-year Renaissance-zone property tax exemption for a planned 28-unit apartment development at 14th Street and Main Avenue after a public hearing and unanimous council vote.
The Moorhead City Council on May 27 approved a 15-year Renaissance-zone property tax exemption for a proposed 28-unit apartment building at the corner of 14th Street and Main Avenue.
The exemption, approved after a public hearing, applies to new construction value only; land will remain taxable under the city’s Renaissance Zone policy. The council’s action allows redevelopment of a former service station and nearby residential structures into a walk-up apartment building estimated to cost about $5 million and expected to start construction in summer 2025 with completion anticipated in summer 2026.
Derek Lapointe, who presented the application, said…
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