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Council reviews Monona Pines 48-unit development; TIF assistance discussed, no vote taken
Summary
The Monona Common Council heard a developer presentation Monday about Monona Pines, a 48‑unit market‑rate apartment project proposed for 5103–5105 Monona Drive that developers say requires tax‑increment financing to proceed.
The Monona Common Council heard a developer presentation Monday about Monona Pines, a 48-unit market-rate apartment project proposed for the 5103–5105 Monona Drive parcel that developers say relies on tax-increment financing to proceed.
City staff opened the discussion by describing the proposal as “48 market rate units of residential units with [a] ground floor fitness center” that received planning approvals last fall. Randy Christiansen, the developer’s representative, told the council the project “is a TIF assisted project, which … it doesn't work without the TIF assistance.”
The project, presented by the development team including…
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