Blaine Approves Assistance Agreements, Other Documents for 105th District
Blaine’s City Council unanimously approved a series of parking abatement assistance agreements for the 105th Avenue redevelopment district at its April 6 meeting, advancing the contract framework for the broader project. City Manager Erik Thorvig said the agreements cover the east and west parking ramps, the stadium and retail development, including Scheels, and set terms for construction, disbursement of bond proceeds and repayment sources. He said the east ramp would include about 800 stalls and the west ramp about 600. The retail agreement also requires the user to place $10 million in escrow before construction begins and maintain that amount throughout the project to help guarantee completion. ...