Stalled southwest project puts city TIF incentive in question

Jill Schramm/MDN Signs of construction remain around The Mavericks building, part of The Tracks project in southwest Minot.

An EPIC Companies project in southwest Minot has stalled and defaulted on its Tax Increment Financing (TIF) incentive agreement, according to the City of Minot. The Minot City Council will consider a course of action on the default at its meeting Monday, Nov. 17.

Background information from the city states a TIF agreement was entered with Henry Land Holdings and The Tracks-Maverick, LLC, in January 2023, related to the development of The Tracks project on 37th Avenue Southwest, north of the Trinity Health medical complex.

The project was to include multi-use buildings and public improvements, including two public plazas, a parking garage and other public amenities.