Renaissance Zone Excels
This Bismarck City Commission was briefed on the city’s Renaissance Zone Program, a state economic development incentive, at their January 26 meeting. The state’s Renaissance Zone Program can offer tax exemptions for building and rehabilitation projects in a city’s Renaissance Zone if the project meets certain criteria. Senior Planner Jason Tomanek presented a comprehensive review which included each project and some key figures like: initial building value, current building value and its increase, total tax exemption, taxes paid since the exemption expired and the difference between the exemption and the taxes paid.
On average, projects took between 5-7 years to recoup their exemptions. After the exemption was recouped, the city is the big winner with marked increased building values for years to come. Even with many of the projects still in their exemptions, the city has already seen an almost $23,000,000 increase in renaissance zone project building values using 2015 figures. Beyond this phenomenal increase in property taxes for the city, over 465 full time equivalent jobs have been added to Downtown along with these projects, 25 new businesses (40 total new to Downtown), $51,000,000 in private investment, sales tax dollars, and increased density for the city center. Mayor Seminary praised the program for it’s ability to generate positive economic benefits and remarked on how much more those numbers will grow as more projects come out of their exemptions.
Member Dakota Media Access will now be operating a community radio station “KDAK” over the air. KDAC, a new low-power, commercial-free community radio station can be found at 102.5 FM in Bismarck-Mandan and streaming worldwide at kdakfm.org. KDAK is an open format station, airing an eclectic mix and public affairs program. KDAK’s mission is to foster artistry, enhance community dialogue, and distribute the sounds of North Dakota by facilitating and providing cultural, educational and public affairs programming produced and presented by local artists, volunteer producers and partners.
Member Dakota Stage Ltd. will be presenting A Little Bit of Magic, a high quality production with a meaningful message and lots of exciting entertainment. A Little Bit of Magic will charm and enchant audiences of all ages. This play with be showing on Saturday, February 20 at 2pm, tickets are $7 for adults and $5 for children. Ticket available online atwww.dakotastageltd.com, or by phone 701-258-4998 and at the door before each show.
Member Sixteen03 Main Events will be hosting Mac Madness, Co-Sponsored by Member McQuade Distributing. Local Chefs will bring in their best macaroni and cheese to sample and “compete” for a local charity of their choice. After sampling the contenders, the public will vote on the winning recipe and Sixteen03 will donate $500 to the winning Chef’s charity of choice. McQuade Distributing will be pairing suggested beer varietals with each macaroni and cheese recipe. For more information about this event please visit: https://www.facebook.com/events/1967973406760465/
The Bis-Man Food Cooperative was approved for Renaissance Zone designation at their new Sweet Ave location. The cooperative plans to fit out a retail grocery store to serve their members and the public. They plan to be open this spring. Also approved was a project on the 200 block of Main Ave. The project will seek to restore the historical elements of the building, including appropriate awnings, restoration of transom windows, and other brick/stone work.
Bismarck Event Center
Bismarck Veterans Memorial Library
Bismarck Event Center