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County provides final funding piece for new apartments in Carlton

Carlton County will provide the final piece of funding for a 30-unit residential apartment building to be built on the north side of Carlton.

At their March 25 meeting, the Carlton County board of commissioners approved $174,000 in Carlton County Economic Development funding to complete a funding package that includes $2.7 million in primary financing provided by Frandsen Bank & Trust. The City of Carlton has approved $655,000 in tax increment financing over 25 years for the project.

The project is being constructed on commercially zoned land owned by Willows Edge LLC, west of County Road 45 a...