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Sioux Falls Development
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Sioux Falls Development
Blighted area of Sioux Falls to get $43.5M makeover
The Associated Press - August 3, 2017

SIOUX FALLS, S.D. - A development company is planning to turn a blighted area of Sioux Falls into a $43.5 million area of apartments, office and retail space.

The Argus Leader reports that Lloyd Companies was awarded the 2.5-acre Uptown Sioux Falls project from among five applicants. The plan includes 200 residential units, 20,000 square feet of commercial and office space, and more than 250 underground parking spots.

The project includes $4.1 million in tax increment financing from the city, which community development director Daren Ketcham says will be used for removing contaminated soil and tearing down dilapidated buildings.

The city plans to finalize a purchase agreement and project terms this month, and the City Council will consider the project in September. Work is expected to begin in October and finish in 2019.



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