Tax Breaks on Table for Mixed-Use Roseville Development

In the Community

The Roseville Economic Development Authority voted July 15 to back city financial support for a proposed development that would turn a forgettable stretch of County Road C into mixed-use housing and retail.

The authority, which is the Roseville City Council acting under a different name, gave preliminary approval to $7.5 million in tax increment financing that would help pay for the planned $130 million housing portion of the 21-acre development. 

Tax increment financing works by taking the new cash generated by expected increases in property taxes following a property’s redevelopment and funnels that money back into the development to cover costs.

Developer Dominium is proposing to build 224 units of affordable family housing and 252 units of affordable senior housing, which would be fronted by retail, on the north side of County Road C between Fairview and Snelling avenues at what city officials are referring to as the Boaters Outlet site.

The commercial portion of the development in that 1700 block of the county road would be some 56,000 square feet, and include a co-op grocery store along with other retail, developed by Launch Properties. Launch is not seeking the city’s financial support for its part of the proposal.

“It’s going to be a big improvement when you’re done,” council member Jason Etten told representatives from the developers ahead of the 5-0 vote of support.

With the preliminary approval, there are still more steps to go at the city for the proposal to move forward, with a need for the developers to present more detailed plans to obtain needed permitting and other city approvals.

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