Overview: The Edina Housing and Redevelopment Authority (HRA) meeting on October 10, 2024, was dominated by discussions on the proposed redevelopment of the Macy’s Home Store site on France Avenue, particularly focusing on the use of Tax Increment Financing (TIF) to bridge a financial gap.
Overview: The Edina Housing & Redevelopment Authority (HRA) has approved a proposed 2025 operating budget, featuring a 3% increase in the tax levy. This incremental budget, which equates to a $7,600 increase in total revenue, will be utilized to fund staff, administrative, and legal costs associated with the city’s housing and economic development functions.
Overview: The Edina Housing & Redevelopment Authority (HRA) meeting on August 15, 2024, centered on the implications of Tax Increment Financing (TIF) for local school districts and the challenges of financing redevelopment projects in the city.
