Suite Liv’n agrees to property maintenance agreement with Willmar in exchange for tax increment financing
July 13, 2021
WILLMAR — Suite Liv’n, a rental developer and management company, currently has approximately 700 units in Willmar, and the company hopes to add at least another 72 with four new apartment buildings near Ridgewater College.
To make the project financially feasible for Suite Liv’n, it is requesting a 15-year tax-increment financing district for the project from the city, which, if approved, would provide the company nearly $1.5 million total in returned taxes. However, to receive that
