Developer outlines TIF proposal, seeks workforce housing incentives
Developer Bryce Ricklefs presented proposed TIF development agreements and funding options including a Workforce Housing Tax Incentive Award, city grants, and LMI funds; community members and the school district showed support. Council discussed the proposal but took no action.
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Bryce Ricklefs presented his applications for Economic Development Assistance, describing proposed tax-increment financing (TIF) development agreements and a projected timeline for the development. He identified potential funding sources including a Workforce Housing Tax Incentive Award, city grant programs and LMI-designated funds; several community members and a school district representative attended to voice support.
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