Sioux Falls developer gets millions in TIF for apartment projects in Cheyenne

CHEYENNE, Wyo. – A Sioux Falls, South Dakota, developer will receive Tax Increment Financing for two projects that will bring nearly 300 new apartments to Cheyenne. The first agreement for Stencil Group approves a TIF for a $2.6 million development at 19th Street and O’Neil Avenue. That development will be a five-story, 101-unit multifamily structure with ground-level parking. The second approves a TIF for just more than $4.7 million. That development is a two-phase, 194-unit multifamily development northwest of Whitney Road at the intersection with U.S. Highway 30.

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