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Cass County approves participation in Fargo 'Skyline' TIF after debate over term and county share
Summary
After an extended discussion about term length and the county's fiscal exposure, the Cass County Commission voted to join Fargo and the school district in a tax-increment financing package for the 88-unit "Skyline" redevelopment, approving an 11-year TIF with the first five years at 100% and the remaining six years at 50%.
Cass County Commissioners voted to participate in a tax-increment financing (TIF) agreement for the "Skyline" redevelopment at the 1100 block of 18th Street North in Fargo after more than an hour of public presentation and commissioner debate.
City economic development planner Greg Gilmore told the commission the Skyline project would replace a block where multiple deteriorated houses once stood and deliver 88 market-rate housing units. "When I look back at just the last 5 years of TIF, districts that have expired, those TIF districts have added $145,000,000 in value to the city and the county," Gilmore said during his presentation. He said the city and school district had reviewed the application and the school district…
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