Hibbing Economic Development Authority Meeting Agenda May 2026
Rebound Seeks $276,000 Predevelopment Capital from HEDA
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Description
Rebound Partners has asked HEDA for $276,000 in predevelopment funding through December 2026 to advance the Iron Exchange at 400 mixed-use redevelopment. The request would finance architectural design and management work as the project moves toward a full development agreement and TIF-backed financing.
Contract Details
Contract Amount
$276,000
Vendor
REBOUND PARTNERS
Agency
City of Hibbing, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
April 2026 – December 2026 predevelopment period
Renewal Date
2026-12-31
Renewal Info
Short-term predevelopment draw schedule April–December 2026; no renewals described.
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