Mayor Carlson: Moorhead revitalization project will increase taxable value to upwards of $300M

Image by WDAY News First - Tom Tucker
Image by WDAY News First - Tom Tucker

(Fargo, ND) -- Moorhead Mayor Shelly Carlson is citing a significant economic impact from the downtown revitalization project.  

"The Moorhead Center Mall footprint currently has a taxable value of about $20 to $30 million, but the development that will occur, we will be growing that by closer and upwards to $300 million. So what we contemplate is a 155,000 square feet of civic space, 160,000 of retail experiences, and 1.2 million square feet of residential space which is going to equate to 1,200 units," said Carlson.

Carlson says the project will also include 2,070 parking spaces. The mayor talked about the project Thursday, during the annual "State of the Cities" event hosted by the FMWF Chamber of Commerce. Carlson was one of five area mayors who provided updates on what's happening in their cities.  

LINK: State of the Cities 2023 - livestream replay