Public investment in Granite Works project estimated at $4M

DELANO, MN – The Granite Works redevelopment proposal took center stage Tuesday evening, as the Delano City Council approved the Environmental Assessment Worksheet for the project and entered into closed session to discuss negotiations with developers interested in building a total of 125 apartment units in the first two phases of development on the site in downtown Delano.

As part of the Granite Works conversation, City Administrator Phil Kern shared that the public investment into the site is expected to be about $4 million, while developers plan to invest $19 million in the first two phases. (A third phase would add an additional 75 units, but a developer has not been identified for that phase.)

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3 comments

  1. Bradley Hasledalen says:

    What is the return for the citizens on the $4M dollar public investment?

  2. blb says:

    Remember the famous quote “development always pays for itself”…….How many times has that been said at the city council meetings???????

  3. JOHN NOOYEN says:

    4 million dollars is less than < 19 million dollar investment(property taxes on 19 million dollar investment) + increase sales tax + increase sales for local businesses.

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