First its a stepped up every year they pay more taxes I believe to 20 years. There is a housing shortage in Grand Forks. What do you think happens to rents when there is a shortage? Rents go up! Right now that property collects very little taxes. When you incentivize a developer to put a apartment at their own risk They financially fail or succeed, we get benefit of a much higher taxing entity in the future where there is none now. No one understands the dollar commitment to these developments at the risk of the developer if they fail. We have many new businesses coming to town in the near future and with interest rates still very high they need to do something to attract developers to put up the apartments and homes. It amazes me at the backwards thinking sometimes in this town. Fargo and Bismarck didnt grow to the size they are with this kind of thinking. Everyone is so worried about someone getting rich. If it is so easy then I suggest some of you start doing some of the developing in town. Try to make a cash flow with high interest rates and trying to attract renters to keep it full, which they need to even cash flow. Same people crying about the city not doing anything about the mall a privately owned company. Like the city can do anything. I am glad we have the mayor we currently do, since I have moved here its the most development I have seen since he was elected.