City of Owatonna Economic Development Authority Meeting Agenda Packet May 2026
TIF Approved for Redline Development Group Project
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Description
Redline Development Group, LLC acquired the site for a second building at the old Hardees/Budget Mart location, with TIF approved to support project costs and reimburse the City for prior Barney Street realignment expenses. Additional TIF from the new building will assist the developer with development costs.
Contract Details
Vendor
REDLINE DEVELOPMENT GROUP LLC
Agency
Town of Owatonna, MN
Contract Type
OTHER
Document Date
May 18, 2026
Renewal Info
TIF assistance approved as part of project financing; additional TIF generated beyond first building will assist the developer’s costs.
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