Project Impact(s):
Housing
This project is in Plan Phase
- Explore this page to view Beam's assessment of the basic description of the project, its impacts and collaboration atrributes. Also shown are status reports related to the project.
- Please click this Link to get to Beam's view of the project's strategy, expected results, and monitored metrics.
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Reports on: Mix Housing Mayo Civic Center Parking Lot
 June 3, 2024 City Council Meeting
Council action is requested to continue development negotiations with Sherman Associates and conditionally approve development assistance of up to $13,000,000 in Tax Increment Financing (TIF) assistance and up to $3,000,000 in DMC General State Infrastructure Aid.
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Other Community News and Reports having impacts on:
Housing
 5 Year Housing Demand vs Supply (Production)
Rochester, Olmsted County, and Township Production
Avg Demand vs Avg Production Shortfall
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 City Council Study Session:
Video Recording Link
Presentation
Collaboration Commitment
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 Feb 2025 DMC Board Meeting Report: Community Co-design, Equity Alliance Topics, Community Connection & Capacity Building, Pitch Event, Targeted Business Metrics, Affordable Housing
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Feb 2025 DMCC Board Meeting Memo
PB reporting re Jan 6 City Council Meeting
"A final plan for dividing a 14.1-acre Mayo Clinic parking lot into developable sections is expected to be reviewed Monday by the Rochester City Council. The site, being dubbed “West Transit Village,” sits between Second Street Southwest and Cascade Lake. It is currently used as a Mayo Clinic employee shuttle lot, and Mayo Clinic plans to construct a 2,500-stall parking structure."
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Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.
PB Reporting regarding TIF $14M Requests (Sherman and Prairie Ridge) 2024-12-14
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 The current Rochester-Olmsted County 4(d) Affordable Housing Incentive Program application is for the Tax Assessment Year 2025 - Tax Payable Year 2026, the tax savings for this application will not be realized until the Tax Payable Year 2026.
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DMC Feb 2025 Board Meeting Memo
City of Rochester Receives $84.92 Million Federal Grant for Transformative Link Bus Rapid Transit Project
LINK Progress Report to City Council
Rochester eyes TIF to support Transit Village, Public Parking
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 Proceedings
September 2024 DMCC Board Meeting with 2025 Workplan Breakout
May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting
Feb 2024 DMCC Board Meeting
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 September 2024 DMCC Board Update
September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo
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City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.
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PB reporting: A local program providing tax breaks to landlords in exchange for maintaining lower rents is being tweaked to encourage future development of affordable housing.
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August 2024 Report : Age-Friendly Olmsted County (AFOC) activities implementing the Age
Friendly Olmsted County 2022-2025 Action Plan since our annual report in February 2024.
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July 17, 2024 City of Rochester: Adopting a Resolution authorizing an amendment to the Development Assistance Agreement and the Declaration of Restrictive Covenants to revise the affordability covenants related to the 80% Units.
March and May 2023 reports to DMCC including video, documents and presentations.
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