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NU Council approves TIF for apartment complex

February 20, 2013

NEW ULM — The New Ulm City Council approved establishing a Tax Increment Financing (TIF) District to help Winkelman Building Corporation (WBC) with building a 35-unit apartment complex at 2107 N....

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mnsotn

Feb-20-13 1:21 AM

Can someone explain to me why we need to assist low income people to buy a new home when there are plenty of nice "used" homes for sale in New Ulm? I understand wanting to attract families to New Ulm, but why does it have to be in new housing? What am I missing here? It might be a great idea, but I am not seeing it.

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