RecordingTranscript availableAnalysis ready143:22

April 22, 2024 Concurrent Bloomington City Council/Port Authority Meeting

Bloomington City CouncilTuesday, April 23, 2024
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Approval of March 28th Concurrent Meeting Minutes

Consideration of the Mall of America Water Park Term Sheet

Review of Project Financial Assistance and Sustainability Concerns

Mall of America Project Repositioning and Future Development

Full Document Analysis

Votes (2)

Approval of Minutes from March 28th Concurrent Meeting (City Council)

Carried7-0

Moved by Councilmember Dallessandro · Seconded by Councilmember Carter

Approval of Minutes from March 28th Concurrent Meeting (Port Authority)

Carried7-0

Moved by Commissioner Bussey · Seconded by Calderon

Notable Quotes (2)

There is no financial risk to the City of Bloomington... It's still a better investment than a youth sports complex.

— Kurt Hagan
Financial RiskAnswering questions on project risk

Typical Tif Is Used For Public Improvements This Tif Could Be Invested Directly A Project To Create Ongoing And Construction Jobs.

— Holly Mesa
FundingDescribing the special TIF legislation

People (5)

EricksonPresident

City Council/Port Authority meeting president

Holly MesaStaff

Presented the project overview and funding structure

1 quote

“This Tif Could Be Invested Directly A Project To Create Ongoing And Construction Jobs”

Explaining the special legislative funding for the Mall of America

Kurt HaganRepresentative

Project developer presenting the water park business case

1 quote

“In this case there is no financial risk to the City of Bloomington.”

Assuring the council regarding taxpayer exposure

Dwayne LowmanCouncilmember

Presenting the commission's feedback on project sustainability

Commissioner LyonsCommissioner

Raised questions regarding taxpayer risk vs project funding

Places Mentioned

BloomingtonMall of AmericaSouth LoopEdmontonNew JerseyMinneapolisSaint Paul

Events & Meetings (3)

  • March 28th Concurrent Meeting
  • April 9th Sustainability Commission Meeting
  • April 16th Sustainability Commission Memo Drafting
Transcript