<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4SMSgM_11jaZXUp00" alt="https://img.particlenews.com/image.php?url=4SMSgM_11jaZXUp00" width="1200" height="600" >DULUTH, Minn. (Northern News Now) - A lawyer representing Incline Village is responding to the city of Duluth’s claims that the developer hasn’t met the terms of their agreement.The developer for Incline Village, Luzy Oestreicher, who heads a New York-based real estate company broke ground on the $500 million housing project at the old Central High School site in December.In a recent letter, city leaders claimed he wasn’t holding up his end of the agreement including submitting proof of funding or paying taxes.On June 2 the city gave the developer a 45-day window to make corrections.In a letter, dated Tuesday, the developer pledged to comply with the city’s ask and respond to their concerns.The lawyer says earlier information submitted about the developer’s funding was accurate at the time but there have been changes and new sources of funds since.They did not say what exact changes happened or why.The developer’s attorney also said it’s true there are unpaid taxes on the property due to what they claim to be an assessment and valuation error.Northern News Now has reached out to the city for a response and we are waiting to hear back.Copyright 2025 Northern News Now. All rights reserved.</div></body>

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DULUTH, Minn. (Northern News Now) - A lawyer representing Incline Village is responding to the city of Duluth’s claims that the developer hasn’t met the terms of their agreement. The developer for Incline Village, Luzy Oestreicher, who heads a New York-based real estate company broke ground on the...

Incline Village developer responds to financial concerns

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DULUTH, Minn. (Northern News Now) - A lawyer representing Incline Village is responding to the city of Duluth’s claims that the developer hasn’t met the te

Incline Village developer responds to financial concerns

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