On Broadway public market redevelopment at 211 N. Broadway
Summary
The city amended its development agreement with On Broadway, Inc. after construction cost increases delayed the conversion of a two-story office building into a public market. The deal includes up to about $2.08 million in tax incentives tied to the project reaching at least $7 million in assessed value.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jan 20, 2026.
Impact analysis
Up to $2,080,360 in tax increment incentives plus a $1 million State Trust Fund loan back the project.
Downtown visitors, nearby Broadway businesses, and the developer get a revived anchor project.
Taxpayers bear risk if the delayed project again fails to hit its value targets.
Mentions & discussions (2)
Common Council - Jan 20, 2026
The Council approved an amendment to the development agreement with On Broadway, Inc. for the 211 N. Broadway redevelopment.
Redevelopment Authority - Jan 13, 2026
The city amended its development agreement with On Broadway, Inc. after construction cost increases delayed the conversion of a two-story office building into a public market. The deal includes up to about $2.08 million in tax incentives tied to the project reaching at least $7 million in assessed value.
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