Saturday, May 21, 2005

Change in our small town

Although we live within 15 miles of downtown Minneapolis, our city has a population of only about 4,000 people. Thus, what might be considered a moderate redevelopment project elsewhere is a big redevelopment project here. Like this.
The shopping center that makes up two-thirds of the commercial property in downtown Wayzata is being targeted for a $100 million redevelopment.
$100 million equates to $25,000 in redevelopment funds for every person who lives here. Even though this is private money, that figure is, quite frankly, astonishing.

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