PIERRE — The Pierre City Commission will consider the establishment of an economic development tool in the next week to help with the development of the former City Hall property into a multi-use retail and residential space. City Planner Sharon Pruess says Tax Increment Financing District number Eight would help Chapelle Investments with the project…
Pruess says there was no public input at the Planning Commission meeting Monday night. TIF Number Eight would be one of, if not the largest TIF established by Pierre for a project…
Mayor Steve Harding says Pierre has used TIF’s successfully in the past to help larger projects set up in the city…
Hegg Companies and Chapelle Investments are planning an 81-unit hotel with attached drive-thru Starbucks; 60-unit apartment with underground parking and two-story office building.
