The Des Moines City Council on Monday approved providing up to $6.2 million in financial assistance to a proposed 33-story high-rise apartment development that would be built downtown. Specifically, the council approved providing up to $5.7 million in tax increment financing for the apartment tower, which would be paid over a 14-year period. The incentive includes $2 million that would be provided to St. Joseph Group, the developer, over four years and paid in $500,000 increments. When the project is completed, the city would also provide St. Joseph Group with an additional $500,000 from the American Rescue Plan and other affordable housing designated funds. The high-rise would be built on the site of Kaleidoscope at the Hub, a now-shuttered three-story structure that originally included an indoor mall and food court. The structure would be razed in the spring.