Quantcast
Home / Commercial Construction / Developers, legislators pitch downtown Minneapolis casino

Developers, legislators pitch downtown Minneapolis casino

Block E in downtown Minneapolis could be turned into a state-run casino and entertainment district.

MINNEAPOLIS (AP) — A variety of stakeholders are pushing a proposal to put a state-run casino in downtown Minneapolis.

Rep. John Kriesel, a Republican from Cottage Grove, is sponsoring legislation to authorize the project at the struggling Block E site. It would require a minimum of $200 million in private investment for development and construction. Kriesel expressed confidence in the bill’s passage. There are no hearings scheduled.

It would be the first time gambling revenue would be subject to state and local taxes. Developers say it would deliver the state a one-time sum of $50 million and generate between $100 million and $150 million in tax revenue per year.

Minneapolis Mayor R.T. Rybak said he opposes the plan.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*