Minneapolis Park Board poised to spend $1.37 million on river parcel
- Blog Post by:
- April 30, 2012 - 12:06 PM
Minneapolis park officials are planning to vote Wednesday on adding another key upper riverfront parcel to their holdings, the first since the Park Board adopted the RiverFirst 20-year plan for developing parks.
The proposed $1.37 million purchase of 1720 NE Marshall St. would add 354 feet of riverfront and an area about one and one-third football fields in size. The former factory property is the largest located in a strip alongside the river between the BNSF Railway bridge and Psycho Suzi’s Motor Lodge.
A 20-year plan adopted by the Minneapolis Park and Recreation Board in March calls for developing a Northeast Riverfront Park between the bridge and the existing Marshall Terrace Park. The land would become part of a proposed riverfront trail system.
According to a staff memo, the Park Board plans to finance the purchase from its riverfront development fund, which has $1.25 million available, and is also seeking funding from the Metropolitan Council and the Mississippi Watershed Management Organization.
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