SIZING UP DOWNTOWN RETAIL
The Minneapolis Downtown Council hired Economics Research Associates of Washington, D.C., last year to devise a plan to rescue the city's sagging retail core. Here are highlights of the report, based on interviews and presentations to the business community. The report has not been made publicly available.
WHAT ARE DOWNTOWN'S STRENGTHS?
• 160,000 workers, 32,000 residents.
• A growing number of theaters, hotels, bars and restaurants along Hennepin Avenue; a world-class library.
• National retailers with various price points, from Target to Saks Off 5th to Macy's to Neiman Marcus; growing number of high-end boutiques.
• Historic buildings and a walkable downtown environment.
WHAT ARE ITS CHALLENGES?
• Skyways create a "schizophrenic" environment, diluting traffic from the street and confusing potential retailers.
• Nicollet Mall traffic dies after 5 p.m.
• Low density of residents in the downtown core.