Bolig Square could get property tax exemption

BOLIG SQUARE WOULD BE BUILT ON WHAT IS NOW A PARKING LOT ON 4TH STREET BETWEEN MAIN AVENUE AND CENTER AVENUE

MOORHEAD, MN — Moorhead is one step closer to a multi-million dollar commercial and apartment development in a prime downtown location.

The Economic Development Authority has recommended the city council approve plans for Bolig Square, a five-story building.

It would be built on what is now a parking lot on 4th Street between Main Avenue and Center Avenue.

The total cost is $8.2 million.

Construction could start this summer and be finished by the fall of 2020.

EPIC Companies is the first company to apply for a property tax exemption through Moorhead’s new Renaissance Zone.

It’s seeking a 15-year exemption.

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