MINNEAPOLIS-A pricetag that soared to more than $40 million and lack of a benefactor prompts the decision to let backers of three other amphitheater proposals run the race to erect the first such structure in the Twin Cities.
Development costs for the 19,000-seat project had ballooned to more than $40 million. Three other amphitheater proposals are still in the works, but each has its own set of obstacles.
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May 12, 2026
However, leasing dropped by eight percent.
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Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
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