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Council to consider redevelopment agreement: orthodontist seeks TIF reimbursement for downtown renovation
Summary
Applicants Andrew and Lauren Olsen asked the Community Development Committee to approve a redevelopment agreement that would make up to $2.7 million in eligible expenses for renovating 200 S. Lincoln potentially reimbursable through the Central City TIF.
Community Development staff presented a redevelopment agreement request for ALWA Properties (applicants Andrew and Lauren Olsen) to renovate the former bank at 200 South Lincoln into an orthodontics office plus tenant retail. Staff listed approximately $2.7 million in total eligible expenses (roughly $791,000 land acquisition; $1.8 million building…
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