Battle over Affordable Housing Proposed in Old Minneapolis Mill

A plan for artist apartments at the historic flour mill complex has rankled some neighbors of the site

A plan for affordable housing for artists at the Pillsbury A Mill site has riled up some neighbors of the historic flour mill complex on the river’s east bank. 

Plymouth-based Dominium Development has proposed building roughly 250 apartments in the historic A Mill building and a warehouse. It plans to do an extensive renovation of the A Mill, which was listed on the National Trust for Historic Preservation’s list of 11 most endangered historic places in the country last year.

Dominium is seeking $2.9 million in tax-incrementing financing (TIF) and asking the city to issue about $65 million in housing revenue bonds for the project, said Wes Butler, manager of the city’s Community Planning and Economic Development department’s multifamily housing division. 

A preliminary analysis of the TIF application will likely go before the City Council in March, Butler said. 

Some residents at the Phoenix on the River, an upscale loft development next to the A Mill, are lobbying city officials to oppose the project, arguing it’s not a good use of tax dollars and is a lackluster project for such a key historic site. 

Read more at Downtown Journal : stories.

Advertisements

About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s