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Commercial property owners say pandemic lowered value of their real estate holdings Many businesses are challenging St. Louis County s estimated market values and are instead calling for tax relief. Written By: Peter Passi | × Duluth s Miller Hill Mall sits quiet before opening Monday, May 3, 2021. The mall’s owner, Simon Properties Group Limited Partnership, is challenging the estimated market value of the property. The county assessor valued it at $35,344,800 unchanged from the 2019 valuation. Simon argues the value of the property has declined because of the pandemic and market conditions. (Steve Kuchera / skuchera@duluthnews.com) At a time when home values have been soaring in the Northland, many owners of commercial properties are describing a quite different phenomenon. ....
Fox21Online December 17, 2020 DULUTH, Minn.– Governor Walz has announced $195 million to create and preserve thousands of homes across the state including here in Duluth. The city announced five projects that will receive funding including a 5-story, 52 unit building project led by OneRoof Community Housing that’s at the corner of 6th Avenue East and 4th Street. Another project is a rehab of the Windwood Town Homes just off of Central Entrance, which currently houses up to 70 low income families. “We’re extremely grateful for being selected for funding. Our award is a little north of $15.5 million and that’s a great big award for our organization and our community,” said Jeff Corey Of OneRoof Community Housing. ....
The city of Duluth was unusually successful in garnering state support for affordable housing projects this year. Written By: Peter Passi | × An architectural rendering of the 52-unit Brewery Creek Apartment Building at the northeast corner of Sixth Avenue East and Fourth Street in Duluth, a project which has been spurred on by more than $30 million in state aid for low-income housing announced on Thursday. (Courtesy of City of Duluth) Duluth Mayor Emily Larson hailed the news Thursday that five local housing projects would receive crucial state support, saying: It just feels so good to finally have a piece of good news in the dumpster fire that has been 2020. ....