City of Rochester Awards $3,922,354 Development Assistance Contract to Rochester Lowertown Apartments (September 2025)
City of RochesterCity · Rochester, MN- Disclosed value
- $3,922,354
- From plan
- Approved
- Sep 22, 2025
- Term
- 25 years
The 30-second brief
Rochester Economic Development Authority approves a $3,922,354 Development Assistance Agreement for Rochester Lowertown Apartments LLC, including tax increment financing for a 133-unit apartment project with affordable housing units, construction must begin by June 30, 2026 and be completed by December 31, 2027.
Rochester Lowertown Apartments holds this development assistance contract with City of Rochester.
Term as filed: 25 years.
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Contract details
- Contract type
- Development Assistance
- Amount
- $3,922,354
- Document date
- September 22, 2025
- Term
- 25 years
- Agency
- City of Rochester
- Source document
- city-of-rochester-economic-development-plan_7fb.pdf (Plan)
More City of Rochester contracts
Questions about this contract
Who was awarded the development assistance contract by City of Rochester?
Rochester Lowertown Apartments was awarded this development assistance contract by City of Rochester, as recorded on September 22, 2025. The contract value is $3,922,354.
How much is the Rochester Lowertown Apartments contract with City of Rochester worth?
The Rochester Lowertown Apartments contract with City of Rochester is valued at $3,922,354, covering development assistance work.
What type of contract is this?
This is a Development Assistance contract, documented as a plan record.
Where was this contract approved?
This contract appears in city-of-rochester-economic-development-plan_7fb.pdf (Plan), dated September 22, 2025 from City of Rochester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Rochester Lowertown Apartments hold?
Rochester Lowertown Apartments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Rochester currently buying?
Explore City of Rochester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.