Developers have announced plans for 'one of the largest real estate projects in Minneapolis history.' The ambitious proposal for a five block area in the city's downtown east neighborhood could be a catalyst to transform the 'largely barren' area.
"The $400 million proposal would target a five-block area near the new Vikings stadium, adding offices, residential housing, retail and an 9-acre park, according to developer Ryan Cos. City officials hope the proposed project will generate even more development in the years ahead," report Janet Moore, Eric Roper and Richard Meryhew.
“'Dog days are over for east downtown,' exclaimed Mayor R.T. Rybak, at a news conference on one of the vacant lots Ryan will purchase."
"Yet several hurdles must be cleared before the ambitious plan moves from renderings to reality," explain the reporters.
FULL STORY: $400 million plan would reshape Minneapolis' downtown east
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