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Mall of America's New Pitch for Aid

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The Mall of America is renewing its quest for public financing to pay for part of the $2 billion cost of an expansion that would more than double the size of the Bloomington mall.

It's the third time the mall has made a pitch to the Legislature.

This year's proposals are similar to those inserted into last year's tax bill, which was vetoed by Gov. Tim Pawlenty. The proposals include using money that otherwise would go to the metrowide fiscal disparities pool and giving Bloomington the authority to impose new or increased taxes on the mall's tenants and shoppers.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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