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Council approves $2M TIF for Grand & Victoria redevelopment despite public opposition
Summary
After a contested public hearing with residents and fiscal watchdogs warning TIFs raise property taxes, the City Council approved a redevelopment plan and $2 million TIF package for the Grand and Victoria project in a 5–1 vote. Opponents said the corridor is not blighted and taxpayers should not subsidize the developer; proponents said TIF is needed to catalyze investment.
The St. Paul City Council voted Dec. 17 to approve a redevelopment plan and a tax increment financing (TIF) package for the Grand and Victoria project, authorizing a pay‑as‑you‑go TIF of approximately $2 million to help finance building rehabilitation in the corridor.
During the public hearing, members of Insight Saint Paul and local residents urged the council to deny the TIF. "It has been overused and costly to taxpayers," said Bob…
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