Board Agrees to TIF Structure for 50-Unit Pine Lodge Workforce Housing
The Minocqua Board agreed to Tax Increment Financing calculations for a 50-unit Pine Lodge workforce housing project proposed by Ritchie Management Group: 0% for years 1–2, 80% for years 3–7, and 70% for years 8–17, subject to final developer agreement language.
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The Minocqua Board of Supervisors on June 21 voted to accept Tax Increment Financing (TIF) calculations proposed for a 50-unit Pine Lodge workforce housing development by Ritchie Management Group. The board agreed to a schedule of 0% for years 1–2, 80% for years 3–7 and 70% for years 8–17, subject to final language in the Developer’s Agreement.
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