[Mpls] ? value of Metrodome parcel

[List Manager]

Dan McGuire asks:

> OK, so the Twins get a new ballpark in the Warehouse District, the
> Vikings move to Blaine, what then happens to the Dome?  How much is the
> parcel worth if the Dome is razed and who owns it? What do they do with
> the proceeds of the sale of the land that the Dome sits on now?

The Metropolitan Sports Facilities Commission owns the land - though six of
seven members are appointed by the City of Minneapolis, the MSFC is a
creature of the state.

Since the Dome is paid for, it may not be sold/given away/torn down, but the
city has already thought about the future. The recent Downtown East/North
Loop Master Plan pondered the future two years ago. (Our story included a
nice, imaginative rendering of housing/mixed-use on the Dome circle, but it
doesn't seem to have survived into our Web archives.)

Here are two old stories from the Master Plan's evolution, with Metrodome
mentions:
http://austin.bizjournals.com/twincities/stories/2003/08/04/story3.html
http://www.skywaynews.net/articles/2002/07/03/news/export286.txt

Also, the Master Plan itself:
http://www.ci.minneapolis.mn.us/master-plans/downtown-east-north-loop/
(The Metrodome stuff is in there somewhere)

David Brauer
Kingfield