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
What to know
Comments are due by November 27, 2023.
- See timeline for comments and City meetings about changes
- Read the draft document