Downtown housing and adaptive reuse incentives
Summary
Two projects got incentive support: converting the vacant former Principal Building into 26 apartments, and building townhomes on a long-vacant triangle parcel at 10th and 5th SE. Both aim to add downtown density and housing.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 28, 2026.
Impact analysis
About $1 million of $2.4 million in new taxes rebated for the Principal Building; $600,000 of $725,000 rebated for the OFB project.
Downtown vitality, future residents, and the developers taking on difficult buildings.
Some question subsidizing market-rate housing with tax rebates.
Mentions & discussions (1)
Related development
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