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Council and HRA approve sixth amendment to Ford site (Highland Bridge) TIF plan, advancing development with conditions
Summary
The City Council and the Saint Paul Housing & Redevelopment Authority approved a sixth amendment to the Ford site (Highland Bridge) tax increment financing plan and related documents, obligating 447 market-rate units and preserving previously adopted affordable-housing goals; council vote 5–2.
The St. Paul City Council and the Housing & Redevelopment Authority (HRA) approved a sixth amendment to the tax increment financing (TIF) plan for the Ford site redevelopment district (Highland Bridge) and related documents, including a new development agreement for Block 2, a minimum assessment agreement, and amendments to prior redevelopment agreements.
Council members approved the amendment after extended debate about unit counts, minimum assessments and communication between developers and elected officials. The council approved the resolution 5–2; Council Member Kim and Council Member Yang voted no. The HRA took the same measure and approved it 5–2 with the same dissenting members.
Deputy Director Melanie McMahon of the Department of Planning and Economic Development…
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