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Decision is another step toward advancement of four redevelopment projects, with total investment of $116 million
Written By: Pamela D. Knudson
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10:00 pm, Jan. 25, 2021
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The Mark Sanford Education Center, headquarters of Grand Forks Public Schools. (Grand Forks Herald photo)
The Grand Forks School Board approved, by unanimous vote, the applications for tax exemptions for four redevelopment projects at its regular meeting Monday, Jan. 25.
The tax exemption plan would affect three proposed projects downtown and one on the UND campus.
The projects, which have received preliminary Grand Forks City Council approval for “tax increment financing,” commonly known as a TIF, represent a total investment of $116 million, according to Todd Feland, Grand Forks city administrator. Through a TIF, property taxes remain for a predetermined number of years as if development never occurred. Once the time span is finished, the pro ....

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