The Red Wing Redevelopment Challenge is a new development program designed to spur economic and housing growth in Red Wing’s historic downtown area. Community partners are offering an incentive package worth up to $335,000 for 1 (one) redevelopment project that will be completed by December 2023 (or 18 months after the project is awarded) and located within the downtown Red Wing historic district of downtown.
The Red Wing Redevelopment Challenge utilizes existing funding sources dedicated to downtown revitalization in combination with local foundation funding to provide this financial assistance program. This pilot program will enable the community of Red Wing to market a suite of redevelopment financial assistance tools together, demonstrating the integration of multiple redevelopment resources and supporting vertical infrastructure projects that contribute to the continued development of downtown Red Wing.
This effort is organized by Red Wing Downtown Main Street with assistance from a variety of local businesses, organizations, and members of the Red Wing community. Partners include the City of Red Wing, Red Wing Port Authority, Red Wing Housing and Redevelopment Authority, Goodhue County, and the Jones Family Foundation.
- Private property will be improved structurally and/or visibly.
- Occupancy levels in downtown buildings will increase; vacant spaces will be used
- Historic properties will be improved and preserved for future generations
- Downtown property values will increase
- Proper use of the property will occur with the highest and best uses
To learn more, sign up to receive updates or to complete an applications go here: https://redwingbuildings.com/resources/redevelopment-challenge
Red Wing Downtown Main Street in Partnership with
City of Red Wing | Red Wing Port Authority | Red Wing HRA | Jones Family Foundation | Goodhue County