Downtown Fargo apartment developer withdraws applications after project is denied tax breaks

A major downtown Fargo housing project is hitting pause after local leaders rejected the tax incentives it depended on. The Annex Group has withdrawn its applications for Central at the Horizon—a 262-unit, $93 million, below-market-rate development—after both the School Board and Cass County Commission voted down a 15-year PILOT request. Without those incentives, the project isn’t financially workable, prompting developers to reconsider their approach. They say they’ll return with revised plans and renewed outreach, hoping to find a compromise that keeps affordable housing on track for Fargo. April Baumgarten with InForum has the full story.

April Baumgarten

InForum

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