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Committee discusses dwindling buildable lots, special assessments and incentives to spur housing
Summary
Committee members raised developer concerns about a shrinking supply of buildable lots, compared special-assessment models used by peer cities and discussed potential incentives (abatements, TIFs, targeted use of local funds) to encourage housing development.
Minot’s Economic Development Plan Review Committee examined local housing supply and developer incentives, with staff reporting a drop in buildable lots and committee members debating whether the city should use special assessments, tax abatement tools or sales-tax revenues to spur new housing.
Brian, city planning staff, told the committee that a study conducted about two years earlier identified roughly 325 buildable lots; he said that number has fallen and “that number is probably under 200 today,” and that…
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