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Commission adopts renewal plan and developer agreement for Skyline TIF project near campus
Summary
The City Commission adopted an 11-year tax increment financing (TIF) renewal plan and development agreement for the Skyline apartment project, aimed at replacing blighted housing with 88 multifamily units near campus.
The Fargo City Commission approved a renewal plan and development agreement that will allow a tax increment financing (TIF) subsidy for the Skyline redevelopment project near campus, with an 11-year property tax exemption schedule.
City staff summarized the project history: a renewal plan was first discussed in February 2018 that allowed for future TIF eligibility for demolition and acquisition costs; the current developer has removed…
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