Superior council finalizes deal for Lake Superior Apartments


Superior council finalizes deal for Lake Superior Apartments


The project will redevelop the former Superior Elementary School building into 50 units of housing.

SUPERIOR — The pieces are coming together to turn the former Lake Superior Elementary School into a 50-unit apartment building.

The Superior City Council on Tuesday, Jan. 21, approved a development agreement with Lake Superior Apartments LLC, a cooperation agreement with the city’s Redevelopment Authority and authorized the creation of the city’s 19th tax increment district in support of the project.
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Under the terms of the agreements, the Redevelopment Authority will provide a $300,000 development grant from money in its land sales account...


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- - Volume: 25 - WEEK: 4 Date: 1/22/2025 3:13:47 PM -