Opportunity to Review Upper Harbor Infrastructure TIF Plan – Comments Due Monday June 20, 2022
The City of Minneapolis invites the Hennepin County Board of Commissioners, the Minneapolis Board of Education, the Minneapolis City Planning Commission, McKinley Community and Marshall Terrace Neighborhoods and other interested parties to review and comment on the Upper Harbor Terminal Tax Increment Financing (TIF) Plan .
The Upper Harbor Infrastructure Tax Increment Financing Plan has been prepared to help finance the public costs of site preparation. These include the relocation and extension of utility connections and construction of infrastructure to provide improved site access. The Upper Harbor site is a former river barge shipping terminal that is no longer accessible to barges due to the closure of the Upper St. Anthony Falls Lock & Dam. The site is slated for mixed-use development, which will include housing, commercial, production and performance venue components in a phased redevelopment. The redeveloped site will also include a new riverfront park.
The TIF Plan establishes a new redevelopment TIF district and includes a budget for the use of tax increment revenue generated by the new TIF district.
It is expected that the TIF Plan will be considered at the following meetings of the Minneapolis City Council and its committees:
Business, Inspections, Housing and Zoning Committee
(A public hearing will be conducted at this meeting.)
Tuesday June 21, 2022, at 1:30 p.m.
City Council
Thursday, June 30, 2022, at 9:30 a.m.
Both meetings will be held in Minneapolis City Hall, 350 S. Fifth Street, Room 317.
If you or your group would like to meet to discuss the proposed TIF Plan, if you would like paper copies, or if you have questions or comments, please contact Hilary Holmes, Senior Project Coordinator.
Comments are due by 12:00 p.m. on Monday, June 20, 2022.