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Pine County approves 15-year tax abatement for eight-unit Pine City housing project
Summary
The Pine County Board approved Resolution 2025-37 to authorize a 15-year tax-abatement agreement for Second and Third Apartments LLC (two four-plex buildings, eight units) in Pine City; the county’s estimated contribution is about $63,600 with the city contributing about $82,700 over 15 years.
The Pine County Board on Wednesday approved a tax-abatement agreement to support a small housing development in Pine City. The proposal from Second and Third Apartments LLC would build two four-plex buildings, creating eight new rental units.
Leslie Sauter, the county’s economic development coordinator, told commissioners the county’s contribution over 15 years would be about $63,600 and…
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