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Council establishes TIF district and approves redevelopment agreements for former Macy’s site, adds leasing commitments and agrees to study a France Avenue ped‑
Summary
After extensive debate about public benefit and affordable housing, the council established the 72nd & France No. 3 TIF district, approved three redevelopment agreements (with added contract language requiring a stronger tenant mix and marketing disclosures), and authorized additional study and funding‑pursuit for a potential France Avenue pedestrian crossing with staff directed to prepare a public participation plan.
The City Council voted Nov. 19 to establish a tax‑increment financing district covering the former Macy’s site on France Avenue and to approve three associated redevelopment agreements with Enclave Companies and Lifestyle Communities, with additional contract language to set expectations for commercial tenant mix and marketing disclosures.
Staff presentation and findings: Economic development manager Bill Neuendorf summarized an extensive review process and a TIF financing plan that staff said meets the city’s but‑for and public‑benefit tests. Neuendorf said the project would divide the eight‑acre site into multiple development parcels, create new public easements (streets, sidewalks and plazas), provide public parking at grade, require developer contributions (including park and utility fees) and deliver 10% of units as affordable for 30 years across rental and for‑sale portions. Staff said the developers’ budgets show a financing gap of roughly $22.8 million and that public…
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