Free meeting summary
Edina Advances $300 Million Redevelopment Project with Tax Increment Financing
- Meeting Overview:
Overview: The Edina Housing & Redevelopment Authority (HRA) meeting focused on advancing a redevelopment project at the site currently occupied by Macy’s Furniture Store on France Avenue, with the approval of Tax Increment Financing (TIF) agreements. The project, led by Enclave Companies, involves a $300 million investment to transform the site into a mixed-use destination, promising a substantial increase in both market value and tax revenue for the city. The approval is contingent upon the final nod from the Edina City Council.
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Housing Authority Officials:
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Meeting Type:
Housing Authority
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Committee:
-
Meeting Date:
11/14/2024
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Recording Published:
11/14/2024
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Duration:
102 Minutes
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Notability Score:
Routine
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State:
Minnesota
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County:
Hennepin County
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Towns:
Edina
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