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TIF Projects Move Out of Limbo

ST. PAUL, MN-The Minnesota Legislature modifies commercial/investment property tax reform. The West Side Flats and Upper Landing, two of the largest projects in St. Paul history, can go ahead with passage of compromise bill.

By Jim McCartney | Updated on July 05, 2001

ST. PAUL, MN-The West Side Flats and Upper Landing–two “urbanvillages” that are also among the largest commercial development projects to come to St. Paul in years–are no longer in limbo awaiting the Minnesota Legislature to pass a tax bill that includes major property tax reform.

Due to a late compromise, those and other projects in the pipeline should be able to move forward without major reworking of their financing.

St. Paul wasn’t the only one waiting breathlessly. At least two pending Minneapolis projects also were awaiting the TIF deal–the redevelopment of the Sears building on Chicago Avenue and the refurbishment of the Washburn-Crosby Mill, part of the historic millarea on the Mississippi.

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