TIF Districts & TIF-Funded Projects
Although most development in Edina is privately financed, the City has used Tax Increment Financing to strategically support projects that deliver desirable public benefits. TIF has been used on a limited basis since the 1970s. A map of active TIF districts, tax information and annual updates can be found in the Year in Review reports.
More information about recent construction projects can be found in the Development & Construction Tracker.
4040 W. 70th District
This 1.6-acre Housing TIF district was established in 2021 to allow for the creation of new affordable senior housing built and managed by Lupe Development and Ecumen. The project will include a total of 118 apartments including a combination of 1- and 2-bedroom units. Onsite parking will be provided for residents and guests.
Additional information can be found on the Ecumen Forty-Forty Flats webpage.
44th & France 2 District
This 1-acre Renewal TIF district was established in 2018 to support redevelopment of the vacant Edina Cleaners property. The resulting project delivered new housing, including three affordably priced units, shared public parking, a new public plaza and new streetscaping. The shared parking and outdoor plaza are available for public use.
Additional information about the project can be found on The Lorient website and this Public Art Profiles video on The Lorient Sculptures.
50th & France 2 District
This 3-acre Redevelopment TIF district was established in 2017 to enable the public and private redevelopment along Market Street. The work included expansion of the North Public Parking Garage, a new underground Center Public Parking Garage, Nolan Mains apartments (including market-rate and affordably priced units), new commercial space, utility updates to serve multiple commercial properties, outdoor plazas and pedestrian walkways that add to the pedestrian charm of the business district.
66 West District
This 1-acre Housing TIF district was established to encourage creation of new affordably priced housing by Beacon Interfaith Housing Collaborative. The 66 West Apartments are an award-winning project that provides housing and support services for youth and young adults.
70th & France District
This 6-acre Renewal TIF district was established in 2022 to enable private redevelopment arranged in a manner that is consistent with the Greater Southdale Area Plan. The TIF funds are anticipated to be used for construction of new public roads and sidewalks, new public plaza and new public parking. These new public elements will subdivide the single property into four independent (but related) parcels as recommended in the Comprehensive Plan. The TIF funds are not intended to be used for construction of the new office, new retail and new residential buildings expected to be constructed over several years.
72nd & France District
This 5-acre Housing TIF District was established in 2019 to help redevelop a property with two aging office buildings and a condemned parking structure into two new buildings of apartments and townhomes and mostly underground parking with some public use ground-level parking. The development at 7200 and 7250 France also preserves a mature grove of trees and creates streetscape and open space areas available to the public.
2023 Update: The approved project did not secure private funding. This TIF District is anticipated to be terminated. A new TIF District is being considered to reflect the updated proposal by the new owners.
This 1-acre Housing TIF district was established in 2019 to support development of new affordable housing, replacing a vacant dry-cleaning facility at 7075-79 Amundson Ave. All 62 units will be affordable to households with incomes at or below 60 percent the median area income. There will be eight one-bedroom units, 23 two-bedroom units, and 31 three-bedroom units. The four-story building will have underground and surface parking for guests and residents.
Eden Willson District
This 12-acre Redevelopment TIF district was established in 2021 to support private redevelopment of a substandard and underutilized commercial property in a manner consistent with the 2012 Grandview Development Framework while also providing funding to support multiple public roadway and sidewalk improvements in the immediate area. The private development will consist of new housing with market-rate and affordable units. The new building will also include new street level commercial space.
Additional information about the private development in this Agenda: Edina video segment.
Grandview 2 District
This Redevelopment TIF district was established to create a viable funding source for the many public improvements anticipated to improve access to and through the overall Grandview commercial district. Needs identified in the 2012 Grandview Development Framework include:
- Improvements for pedestrians, bicyclists, transit users and motorists.
- Improvements to Eden Avenue, Arcadia Avenue and the intersections at Eden/Arcadia and Eden/Vernon.
- New east-west connection behind Jerry’s office tower.
- New shared public parking.
This TIF District includes 15 properties that cover 11 acres of the 80-acre commercial area. TIF funds are anticipated to support a variety of public improvements including roadway and intersection improvements along Eden, Arcadia and Brookside, improvements to parking in the Grandview Public Parking Ramp and creation of a new pedestrian bridge and trail that connects the existing parking structure with businesses (and the future park) on Arcadia.
Pentagon Park District
This 47-acre Redevelopment TIF district was established in 2014 to revive the declining commercial properties formerly known as Pentagon Park. The TIF district includes 40 acres of privately owned land that is subdivided by West 77th Street and is adjacent to Fred Richards Park. Pentagon Village with new retail and commercial buildings, parking and public plaza space is the first piece of redevelopment.
Find additional information about Pentagon Village and Pentagon Park offices. Information about the new apartments can be found on the Rise Modular construction website or on The Fred Apartments rental site.
West 76th District
This 2-acre Housing TIF district was established in 2018 to support development of new affordably priced housing in a vacant commercial building previously home to FlyteTyme Studios and the Minneapolis Media Institute. Notable artwork from the site was removed and preserved. The Sound on 76th provides 80 units of affordable housing. The site includes underground and surface parking for residents and guests. The site plan includes a new walkway for public access through the site.
Additional information about the project can be found at Soundon76th.com.
Closed TIF Districts
The Centennial Lakes TIF District was established to encourage private-sector redevelopment of a former gravel pit. Edina’s bonding authority was used to hold the large (100-plus-acre) parcel of land so that it could be developed in phases when market conditions were ready for new office space, new retail buildings, new medical office and several phases of new multi-family housing. This award-winning project also gave residents, workers and visitors Edina's signature park, Centennial Lakes Park, 25 acres filled with popular trails, putting courses, summer lawn games, paddle boats and the Twin Cities' most picturesque outdoor ice skating in winter.
This 25-acre TIF district was established to encourage mixed-use redevelopment around the edges of a former gravel pit. The resulting uses include professional office building, senior living high-rise, hotel, indoor public park, outdoor public park and multiple phases of market-rate and affordably-priced residential townhouses and flats.
This district was established to attract new commercial and residential investment to underutilized industrial parcels in this long established commercial node. The City and Housing & Redevelopment Authority assembled land that was then redeveloped and transformed into a new Class A office building, condominiums, public park, Hennepin County library branch and Edina Senior Center. Several wayfinding improvements also were constructed in the area.
This economic development TIF district was established in 2012 using one-time legislation created by Governor Dayton to promote job creation and investment throughout Minnesota. This legislation was used in Edina to counteract the decline of Southdale Center mall, which suffered from high vacancy, increased perception of crime and declining property values after a series of ownership changes and deferred maintenance. The renewal of this historic shopping destination spurred more than $300 million in new investments on property surrounding the mall and provided millions for affordable housing projects. It was officially decertified on time at the end of 2021.
These districts were created to pursue investment and improvements in these areas but were terminated early due to lack of private investment.
- 44th & France
- 70th & Cahill
- 72nd & France
- Southdale 1
- Wooddale & Valley View