New building with apartments, retail space planned in downtown Fargo
The $13. 5 million Dillard project is scheduled to break ground in October and be completed in spring 2019, Deb Wendel-Daub, a Kilbourne project manager , said Wednesday, Aug. 23. The construction site is now a parking lot owned by the Dillard family but had once been home to row houses and a lumberyard, according to Kilbourne. Like many parking lots, it's not appealing to pedestrians and the new building is intended to change that. The Renaissance Zone Authority on Wednesday recommended tax exemptions for the project worth $967,000 over five years. After the incentives expire, Kilbourne estimates it would pay $202,000 a year in property taxes. The parking lot now pays $2,400 a year. Because the area is also part of a tax- increment financing district paying for a city- owned parking ramp that the developer finished in June, the taxes would go towards the ramp. Plans call for a 94,000-square-foot, six- story building with 84 apartment units and 13,000 square feet of ground...