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Council approves TIF for 14‑unit Port on Little Detroit townhomes
Summary
The Detroit Lakes City Council approved a redevelopment plan and tax‑increment financing district (TIF 45‑1) for a 14‑unit townhome project on the former bowling alley property. The developer requested $1.8 million in TIF for an approximately $18 million project; the TIF will fund site preparation, including substantial pier/footing costs.
The Detroit Lakes City Council voted to adopt a resolution establishing Redevelopment Project No. 45 and Tax Increment Financing District 45‑1 for the Port on Little Detroit, a proposed 14‑unit townhome development on the former bowling alley site. Larry Remen, who introduced the plan to the council, said the developer is requesting $1,800,000 in tax increment financing for an approximately…
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