With Hennepin County bonds that funded ballpark construction set to be paid off this year, the Minnesota Twins are seeking to extend their Target Field lease and a 0.15 percent sales tax while leaving in place $10 million in annual maintenance funding. (more…)
While the concept isn’t new, we’re seeing community benefits agreements pop up in discussions of new and existing MLB ballpark funding discussions. Here’s a look at what’s involved. (more…)
Newly reported figures from Hennepin County confirm what was predicted earlier this year: debt on Target Field, home of the Minnesota Twins, could be paid off a decade earlier than projected. (more…)
Debt on Target Field, home of the Minnesota Twins, could be paid off a decade early thanks to a robust economy generating higher-than-anticipated sales-tax receipts, lower interest rates and refinancing of the original bonds used to back the project. (more…)
The area west of Target Field, already being developed as a transit hub, will also sport an amphitheater, retail, a parking ramp, public spaces and potentially a hotel under a deal struck by Hennepin County, the Minnesota Twins and United Properties. United Properties is a privately owned commercial real-estate development and investment firm owned by […]
Tax revenues generated by Target Field, the new home of the Minnesota Twins, were significantly higher in 2010 than in 2009, when the team wrapped up a final season in the Metrodome. How much higher? Well, the state of Minnesota pulled in $11.6 million from fans at Target Field, $6.6 million higher than in 2009. […]
