I noticed that the developer of the Cascade has been using city property in Falls Park West as staging ground for the development. I wonder if the developer is leasing the property while using it and if they will repair the cover when done at their expense?
I find it ironic that the citizen taxpayers held this land for over a decade, collecting NO taxes on it for the developer and now they are using more of the property. They also received a large TIF for the project. These apartments are not workforce housing, these are market rates. The studios go for $895 a month and single bedrooms go for $1,200 a month, hardly ‘affordable’ housing. So what really is the city getting in return for the TIF? Well like most TIFs in Sioux Falls, not a damn thing except higher property taxes for the rest of us especially with another opt-op looming for the county and the SFSD. It’s time for us to end the corporate welfare practice of TIFs.
