Edina City Council — Transcript

Monday, March 17, 2025Analysis complete

3 Topics in This Document

Tax Increment Financing (TIF) District Establishment

Mixed-Use Redevelopment Project Approval

Site Remediation and Public Benefit Requirements

Full Extraction
Approved (specific vote count not provided in transcript)

what we be using those Tiff dollars for is to reimburse the developer for a lot of those costs that are really unique to the site that create public benefit and make the project possible

Unknown [Timestamp]Establishment of 72nd and France TIF District and Approval of TIF Redevelopment Agreements

it's an 8 Acre Site that used to be gravel and sand pit so there's really no portion of this building other than what's behind us today that's even buildable so there's a lot of site preparation that has to happen that's millions of dollars

Unknown [Timestamp]Establishment of 72nd and France TIF District and Approval of TIF Redevelopment Agreements

the final project has a lot of the public space on the exterior as well as public parking on the interior affordable housing units all those things that deliver public benefit cost a lot of money and that's where the Tiff will be spent

Unknown [Timestamp]Establishment of 72nd and France TIF District and Approval of TIF Redevelopment Agreements