A five-story mixed-use building will replace the South Plaza mall, homes and other businesses on the 1600 block of South University Drive if the project moves ahead.
The city’s investment in the property split city commissioners. Some saw it as an opportunity to secure more affordable homes in Fargo, while others thought the move was a financial misstep.
City officials said the project will benefit the downtown area; they also warn that the city's funding liability is greater because the city will own the $20 million dollar parking structure.
By 2026, there will be a seven-story structure on the land near the Main Avenue roundabout at the southwest corner of the intersection with Second Street Fargo.
