BLOOMINGTON, MN-The planned expansion of the Mall ofAmerica here, valued at $1.5 billion, will receive as muchas $250 million in tax breaks thanks to the MinnesotaLegislature.

Lawmakers approved the incentives this week that will fundimprovements to the mall's roads and other infrastructure via theTwin Cities Metropolitan Area Fiscal DisparitiesProgram, a regional pool of commercial and industrial taxmoney that is designed to reduce the imbalance between wealthy andpoorer communities, according to the Star Tribune.

Mall officials declined to discuss details on the expansion planor when construction might begin. The newspaper reports theexpansion could double the size of the mall with more stores, movietheaters, hotels, and possibly a water park.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.