TIF development agreement compliance — Gundersen, Kwik Trip, Riverside Center
Summary
The city's annual check-in on three big development deals found Kwik Trip far exceeding its promises, Gundersen paying a $208,945 parking-ramp charge, and Riverside Center five jobs short — costing it $17,500 on top of a net $330,906 city payment.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
City pays out about $1.34 million in TIF payments while collecting about $252,000 in PILOT and deficiency payments.
The developers receive TIF payments; residents get verified job and value commitments.
Riverside Center's shortfall costs it penalty money, and TIF dollars redirect tax increment away from general city purposes.
Mentions & discussions (1)
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