Minneapolis Officials Open Talks On $400M Downtown Project

Law360, New York (July 10, 2013, 3:30 PM EDT) -- A Minneapolis City Council panel on Tuesday kick-started negotiations with Ryan Cos. US Inc. and the Minnesota Sports Facilities Authority over a $400 million project that proposes to bring office, residential and retail space to a five-block area next to the new Vikings Stadium.

The council's community development committee authorized staff to begin negotiating term sheets and other agreements for a potential deal on the proposal, which was first floated last month, according to council documents. Staff members of the city's planning department have already backed...
To view the full article, register now.