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Posted: September 02, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF082725-08 - 25TI016 - Resolution 2025-099

Agenda Item Title:

LF082725-08 - 25TI016 – Resolution 2025-099 Resolution Approving the Project Plan for Rapid City Destination

Origination Group:
Planning Commission
Origination Meeting Date:
08/21/2025
Stage 2 Group Name:
Legal & Finance Committee
Stage 2 Meeting Date:
08/27/2025
City Council Hearing Date:
09/02/2025
Petitioner:
Libertyland USA, LLC
Staff Contact:
Mike Dugan, Tax Increment Finance Planner
Location:
North of East Mall Drive, West of Dyess Ave, East of North Lacrosse Street and South of Country Road
Agenda Item Summary:
The applicant has submitted a TIF application with $125,058,020 in proposed costs. The proposed multi-use project is located approximately 2.5 miles northeast of downtown Rapid City. The project site is generally bounded by Seger Drive and existing industrial uses to the north, East Mall Drive and existing retail uses to the south, North Lacrosse Street to the west, and Tish Boulevard to the east. The proposed development will facilitate a multi-faceted visitor-oriented destination which may include the following components: historic-themed interactive attraction(s), lifestyle center with retail, dining & entertainment uses, lodging & conference facilities and residential development that includes community serving retail. In the Commercial and Entertainment Zone specifically, nearly 65,000 sq. ft. will be dedicated to entertainment venues, 25,000 sq. ft. to retail and 20,000 sq. ft. to dining. Public infrastructure proposed to be completed with this development is as follows: extension of Tish Blvd to Seger Dr., widening of 143rd Ave. north of Seger Dr. & storm sewer improvements and widening of Seger Dr. from 3- to 5- lanes. The proposed TIFD classification is Economic Development. The TIFD will support expanded economic growth via new employment opportunities, improved local infrastructure and increased housing.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve with Stipulations
Origination Recommendation Notes:
Planning Commission Approved the Resolution 2025-099 Resolution Approving the Project Plan for Rapid City Destination District (6-3 with Braun, Ginsberg, and Heikes voting no): 8/21/2025
City Council Recommendation Action:
Approve
City Council Recommendation Notes:
City Council Approved (8-2 with Tamang and Pettigrew voting no): 9/2/2025

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