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City Cancels EPIC TIF Agreement at The Tracks
The City of Minot is moving to recoup $350,000 in taxes tied to a southwest development that never lived up to its end of a Tax Increment Financing agreement. After progress at The Tracks stalled—and developers signaled they won’t build the promised public plaza, rink, or other amenities—the council voted unanimously to claw back the tax break. The step doesn’t recover spent funds, but simply restores the taxes that would have been owed, underscoring how the city handles incentives when promised improvements fail to materialize.
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