The city has held publichearings on the development proposal, and residents are splitover it. Opponents argue that the city should allow the property toremain a golf course and object to the use of tax incrementfinancing. Proponents favor adding jobs and increasing the tax basein an attempt to lower property taxes overall. The next publichearing on the topic is June 20.

Medtronic would pay $1 million to a state highway fund to freeup the land, and it will pay the city $8.65 million for 72 acres ofthe 118-acre golf course, if the project goes forward.

The first phase of the Medtronic campus involves construction of820,000 sf of office space in several buildings that would houseresearch and development space for Medtronic's largest division,cardiac rhythm management.

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