A project to build a 24-unit townhome development for low to moderate income families will receive a tax break from the city of Alexandria.
At its meeting Tuesday night, the city council voted 3-2 to approve a tax increment financing (TIF) request for Deer Ridge Townhomes.
Two big developments are seeking a little tax help from the city of Alexandria. One would renovate the former bar-restaurant, The Wharf, into Zorbaz on the Lake – a $1.7 million project.
The other one calls to build two, three-story 63-unit apartment complexes on the east side of Knute Nelson’s Grand Arbor development along Pioneer Road in south Alexandria – a project that would add about $8 million worth of property value.
When plans for a new Walgreen’s in Alexandria were approved three years ago, the developers had something else in mind as well – 11 luxury, tri-level townhouses behind the store at 10th Avenue and Fillmore Street.
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