Priya Patel
TLDR: The Duluth City Council has approved a tax increment financing district (TIF district) for the first phase of a 1,300-unit housing development. The multi-phase project will be located on a former high school site and is expected to take eight to 10 years to complete at a cost of $450 to $500 million. The first phase will consist of two 60-unit condominium buildings and a 220-unit apartment building. The developer has expressed openness to including affordable housing in future phases of the project.
The Duluth City Council has granted a tax increment financing district (TIF district) to the first phase of a 1,300-unit housing development in the city. The Incline Village development will be located on a former high school site and is expected to take eight to 10 years to complete at a cost of $450 to $500 million. The first phase will include two 60-unit condominium buildings and a 220-unit apartment building. While there is currently no affordable housing included in the plans, the developer has indicated openness to including it in future phases of the project.
In an 8-1 decision, the Duluth City Council voted to provide a tax increment financing district, or TIF district, to the proposed Incline Village, a multi-phase development on a former Duluth high school site at 802 E. Central Entrance that could significantly boost the available housing in the city. The TIF district that received a nod of approval was for the first phase of the development. This phase, said ICS Managing Partner Jeff Schiltz, will be made up of two 60-unit condominium buildings, as well as a market rate 220-unit apartment building. The lone no vote on the council was First District Councilmember Wendy Durrwachter who said she wanted more time for the public to consider the project. An environmental study called an Alternative Urban Areawide Review, or AUAR, will need to be completed prior to the start of the project.
