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Detroit Lakes approves redevelopment project and nine‑year TIF to support 36 apartments
Summary
Council approved Redevelopment Project 44 and TIF district 44‑1 after a staff presentation describing a 36‑unit market‑rate apartment project that staff estimates will create roughly $69,000 in annual tax increment and provide about $427,940 in TIF assistance over nine years.
Detroit Lakes — The city council voted to approve Redevelopment Project 44 and establish Tax Increment Financing (TIF) District 44‑1 to support a nine‑year workforce housing development.
Larry Reman introduced the item as "a workforce housing district," saying the project will produce 36 market‑rate apartment units and is projected…
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