3030 Nicollet Tax Increment Financing Plan

We invite feedback on the proposed 3030 Nicollet Tax Increment Financing Plan.

Overview

The City prepared the 3030 Nicollet Increment Financing (TIF) Plan to help finance the construction of a new building at 3030 Nicollet.  It is located at the Northwest corner of Nicollet Avenue and West 31st Street.

The new building will have:

  • 110 units of affordable housing

The TIF Plan:

  • Creates a new housing TIF district to finance the costs of a qualified housing development
  • Includes a budget for the use of tax increment revenue from the new TIF district

Read about Tax Increment Financing

What to know

Comments are due by November 27, 2023.

Read the draft document

You can view the 3030 Nicollet TIF Plan Draft for Public Review.
See draft document

Timeline

Comment deadline

Monday, November 27, 2023

The deadline to submit comments is Monday, November 27, 2023, at 12:00 noon.

Send public comments and questions to Dan Lauer-Schumacher

BIHZ Committee

Tuesday, Nov. 28, 2023

We will consider changes at a Minneapolis City Council Business, Inspections, Housing & Zoning (BIHZ) Committee meeting.

  • The meeting will be held on Tuesday, Nov. 28, 2023, at 1:30 p.m.
  • The meeting location is Minneapolis City Hall, 350 S. Fifth Street, Room 317.
City Council

Thursday, Dec. 7, 2023

We will consider changes at a Minneapolis City Council meeting.

  • The meeting will be held on Thursday, Dec. 7, 2023, at 9:30 a.m.
  • The meeting location is Minneapolis City Hall, 350 S. Fifth Street, Room 317.

Contact us

Dan Lauer-Schumacher

Community Planning & Economic Development

Email Dan Lauer-Schumacher

Phone

612-673-5068

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415