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New Ulm EDA Advances Housing Developments with $7.3 Million Property Sale

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Meeting Recording
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Meeting Minutes
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  • Meeting Overview:

Overview: In a step towards economic development and housing expansion, the New Ulm Economic Development Authority (EDA) approved the sale of properties on North Garden Street for $7.3 million to Rebound Real Estate. This decision, taken during the EDA meeting on October 8, 2024, reflects the city’s strategic move to encourage private investment by divesting public assets, paving the way for enhanced local infrastructure and community amenities.

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Meeting Video
Pt. 2
Transcript
Meeting Minutes
Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.
Government Officials
Mayor:
Kathleen Backer
Economic Development Board Officials:
Char Kalk, Michelle Markgraf, Tom Berg, Lindsay Henn, Andrea Boettger (City Council), Les Schultz (City Council), Nicole Black (Resident Board Member)
  • Meeting Type:
    Economic Development Board
  • Committee:
  • Meeting Date:
    10/08/2024
  • Recording Published:
    10/08/2024
  • Duration:
    31 Minutes
  • Notability Score:
    Routine

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  • State:
    Minnesota
  • County:
    Brown County
  • Towns:
    New Ulm

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