The coronavirus pandemic slowed movement on the corridor project, and a developer slated to be part of the project, at least peripherally, needs to complete ongoing projects in Grand Forks before committing to a downtown development plan.
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Grand Forks survey shows majority believe University Avenue Corridor worthy of further public investment
A survey conducted by the Community Foundation, the Knight Foundation and the local firm JLG spent months taking answers from residents. The results of the length survey were released Tuesday. Written By: Korrie D. Wenzel | 9:59 am, Mar. 16, 2021 ×
Workers construct a sidewalk corner along University Avenue in Grand Forks, east of the UND campus, in this 2020 Herald file photo. Korrie Wenzel / Grand Forks Herald
A months-long study organized by the Community Foundation of Grand Forks, East Grand Forks and Region found that the majority of respondents strongly believe the so-called University Avenue Corridor is worthy of public investment.
Other factors like geographic diversity and readiness for development (10 points).
Any project that the committee scores above 70 will go before the Iowa Economic Development Authority board, which will have final say about how to dole out the $100 million. Presentations could happen as early as April, with the Board making funding decisions in May or June, authority spokesperson Staci Hupp Ballard said in an email.
The state created reinvestment districts to funnel tax revenue into expensive projects that developers might not otherwise build. If the state approves a city s application, a designated part of town a building or a couple of blocks will become a special tax district.