The Minneapolis Downtown Council is making the rounds this week with its plan to assess downtown property owners for their $25 million share of the $50 million Nicollet Mall renovation.
|James Corner Field Operations|
|The professional real estate firm hired by Downtown Council decided the Vikings stadium is juuust outside of the benefits zone|
The plan, carefully crafted by Shenehon Business and Real Estate Valuations, breaks down the assessments into three different zones based on proximity, and eight different business classifications ranging from commercial office space to vacant land.
Almost all of the owners of downtown's major buildings will be paying something as beneficiaries of the ambitious rethinking of the mall, except for one glaring exception: the new Vikings stadium.
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