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Council approves Rivergate Mall economic-impact plan with amendment requiring tax-appeal disclosure
Summary
The Metropolitan Council approved an economic-impact plan for the Rivergate Mall redevelopment and added an amendment that requires developers to disclose if they are appealing property-assessment decisions, a transparency step sponsors said protects Metro from unforeseen liabilities.
The Metropolitan Council on May 20 approved an economic-impact plan tied to a proposed redevelopment of Rivergate Mall and added an amendment that requires companies receiving tax-increment financing or similar support to disclose whether they have appealed property-tax assessments.
Sponsor Councilmember Webb, speaking for the measure, thanked the mayor’s office and staff and said the plan will "really, really enhance" District 10. The council then adopted an amendment by Councilmember Evan Siegel that sponsors described as…
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