Tax-increment financing (TIF) has been used
to help create some of Edina’s most iconic
and beloved spaces. Without this financing
tool, these projects likely never would have
happened in the way Edina residents and
visitors experience them today.
50th & France
TIF used for: Public parking and reconstruction of original sidewalks and streetscapes, including lighting.
Result: Improvements made 50th & France
more appealing to business owners and
shoppers, helping transform the small business
district into a premier high-end shopping
TIF used for: Site acquisition and development.
Result: Mid-rise office building, high-rise senior
housing building and hotel, all connected to
an indoor public park and event space with
additional outdoor park space. The original
event space and ice rink were replaced in 2003
by a children’s indoor playpark. Edinborough
Park also includes an indoor swimming pool,
fitness area and amphitheater for public use.
When: Early 2000s
TIF used for: Site acquisition and cleanup of environmental contamination on 12 acres and installation of infrastructure.
Result: New office building, condominiums and
new public building housing a branch of the
Hennepin County Library and the Edina Senior
Center. The buildings encircle an outdoor public
plaza used by visitors and residents. “Egghead,”
a sculpture by Kimber Fiebiger, was later
installed in the center of the plaza.
Centennial Lakes Park
TIF used for: Purchase of 51-acre
former gravel pit and industrial site
south of Southdale Center and holding
property until the market was ready for
each phase of development.
Result: Six office buildings, 250
condominiums, 96 luxury townhouses
and a multi-tenant retail center built
around the City’s crown jewel 25-acre
outdoor park. The project has been
nationally recognized for excellence in