On 4-3 vote, DL planning commission denies TIF for beach condo project
After discussion and a close vote, David Spies was denied tax increment financing for his condominium project on West Shore Drive, where Voyageur Lanes is now located.
He asked for pay-as-you-go financing to help support the 21-unit venture, but ultimately four of the seven Detroit Lakes Development Authority members agreed it wasn't a blighted area and the DLDA should not be financing market-value housing. The condos are projected to sell for around $325,000 each.
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