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Proposal for TIF-backed climbing gym at former Fountain Springs site fails after commission split
Summary
A proposed economic-development TIF grant of $300,000 to support construction of an 18,685-square-foot indoor rock-climbing facility failed to win Planning Commission support; commissioners raised questions about location, public benefit and job creation.
The Rapid City Planning Commission on April 24 considered, and did not recommend, a tax-increment finance (TIF) request to provide a $300,000 grant to help construct an indoor rock-climbing facility on a parcel that was formerly part of the Fountain Springs golf course.
City staff described the project as an approximately 18,685-square-foot indoor climbing gym with fitness rooms, classes, retail and leagues. The applicant proposed a TIF‑style economic-development grant of $300,000 to help bridge financing; staff’s analysis projected the full project would cost about $6.3 million and that the property-tax increment…
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