Eric Roper | Star Tribune
After receiving just below what they sought at the Legislature to renovate Nicollet Mall, city leaders are mulling whether to contribute $3.5 million to the project in order to leverage promised private dollars.
The overhaul of Minneapolis’ signature street is expected to cost $50 million. The Downtown Council has said it is prepared to match up to $25 million, but the Legislature awarded the project $21.5 million in the final bonding bill.
“Since we got something less than $25 [million], we’re talking now about what we might do so as not to leave money on the table, if you will,” said David Frank, the city’s director of transit-oriented development. Read more