By Teri Knight, News Director
Last week, the Northfield EDA reviewed multiple subsidy requests from Rebound Real Estate, in partnership with The Stencil Group, for the $14 million 5th Street Lofts project. They requested land contribution at 510 Washington Street, which the EDA authorized purchasing for $212,000. Closing is scheduled for September 6, 2019. The idea is that the developers would pay the city a dollar for it. They’ve also requested TIF assistance over a 25-year period. EDA Coordinator Nate Carlson said it would be a “pay as you go structure” within the TIF [Read more…] about Rebound requests multiple subsidies for 5th Street Lofts project; Water main break on Linden; Northfielders shared a dinner – and what a success!