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Council establishes municipal development district and TIF for Lincoln Apartments project
Summary
The council approved creation of Municipal Development District No. 1 and Tax Increment Financing District 1‑1 to support redevelopment of the old Lincoln School into a 35‑unit apartment project; developer said the project requires TIF assistance to be financially feasible.
The Detroit Lakes City Council voted April 20 to establish Municipal Development District No. 1 and to adopt Tax Increment Financing District 1‑1 to support redevelopment of the vacant Lincoln School into a roughly 35‑unit apartment complex with underground parking.
Todd Hagen of Ellers and Associates summarized the statutorily required steps, public notices, and the streamlined approach the city will use to create a…
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