David Lakefield

The City of Minot will be attempting to recoup $350,000 in taxes from the owners of a stalled mixed-use development in southwest Minot that has defaulted on its Tax Increment Financing (TIF) agreement.

The Minot City Council voted 7-0 Monday to recover the taxes on The Tracks that would have been paid if there had been no TIF incentive approved in 2023.

A TIF is the difference on taxes owed post-construction versus pre-construction, with that difference invested into the project through bond payments. The TIF program for The Tracks was meant to help finance public-related improvements, including a public plaza with an ice skating rink, concert venue and other amenities.

“Because they haven’t moved forward with the construction of the public improvements, they aren’t ent

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