Bolig Square could get property tax exemption
March 7, 2019
BOLIG SQUARE WOULD BE BUILT ON WHAT IS NOW A PARKING LOT ON 4TH STREET BETWEEN MAIN AVENUE AND CENTER AVENUE
MOORHEAD, MN — Moorhead is one step closer to a multi-million dollar commercial and apartment development in a prime downtown location.
The Economic Development Authority has recommended the city council approve plans for Bolig Square, a five-story building.
It would be built on what is now a parking lot on 4th Street between Main Avenue and Center Avenue.
The total cost is $8.2 million.
Construction could start this summer and be finished by the fall of 2020.
EPIC Companies is the first company to apply for a property tax exemption through Moorhead’s new Renaissance Zone.
It’s seeking a 15-year exemption.