The $50 million makeover of Nicollet Mall in downtown Minneapolis is entering a critical phase as its organizers try to win the support of the property owners and businesses being asked to pay half the project's cost.
Retrofitting the city's most recognizable retail corridor is critical, proponents say, to capitalize on the dramatic resurgence of office and residential development in Minneapolis' urban center. The emerging vision for the project calls for a streetscape that is more pedestrian-friendly, punctuated by more trees and artistic features.
Most property owners and businesses say they support renovating the city's signature 12-block street, which hasn't been updated since 1990. But they are growing anxious for details on the $25 million assessment that they will shoulder.
"We hope the improvements that they are suggesting in the design will … make our properties more appealing," said Kevin Lewis, executive director of the Greater Minneapolis Building Owners & Managers Association. "But we are very sensitive to the cost and the impact it would have on the tenants."
To address the growing backlog of questions, the Nicollet Mall project team unveiled a revised design Thursday night at a public forum. Designers highlighted several changes to the plan, such as turning walled, hexagonal transit stops into transparent, open-aired rectangular structures, to address concerns over crime.
"We are really in a refinement stage at this point," said Peter Brown, the project manager hired by the city. "The design was great to begin with and now it's even better."
A reinvigorated Nicollet Mall would generate an estimated $106 million in additional annual spending and 860 new jobs, according to a city-commissioned study.
Earlier this year, the Minneapolis Downtown Council adopted a resolution to match the public contribution dollar-for-dollar via an assessment on nearby properties. The Legislature committed $21.5 million toward the project, with the city of Minneapolis kicking in $3.5 million to round out the public's half.