Community Planning & Economic Development

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Gold Medal Park - Second Street and 11 th Avenue South

Photo by Michael Mingo, courtesy of Oslund and Associates

In 2006, the City spurred the development of an 8-acre public park along the Mississippi Riverfront through a unique public-private partnership involving the City, a private foundation, and the Guthrie Theater. The park provides an expansive swath of green space in the historic Mill District neighborhood and creates vital connections to the nearby Mississippi River.

In late 2005, the City issued a Request for Proposals (RFP) for the development of the City-owned Riverfront East parcel located at 11 th Avenue and 2 nd Street South. A park/recreational amenity was among possible development options included in the RFP. In spring 2006, the City selected a proposal from the McGuire Family Foundation for the development of a public park and negotiated a lease for the City’s portion of the land with the newly formed Park Development Foundation. The Guthrie Theater is also leasing its portion of the park land to the Foundation.

Construction of the park began in the fall of 2006 and was completed by spring 2007, with the grand opening held in May 2007. The Park Development Foundation funded construction of the park and is responsible for ongoing operations and maintenance during the lease term.

Highlights of Gold Medal Park include:

Developer:

Park Development Foundation

Landscape Architect/Designer:

Oslund and Associates

Development Objectives: 

Development of an 8-acre public park, providing a large swath of green space in the historic Mill District neighborhood and creating vital connections to the nearby Mississippi Riverfront.

Construction Costs:

Approximately $3 million privately financed by the Park Development Foundation for planning/design, environmental assessment/mitigation, and construction of the park.

Operations and Maintenance:

Approximately $100,000 - $175,000 annually, funded and provided by the Foundation.

City Investment:

$3 million for land acquisition and site clearance.

The City is leasing its portion of the park land to the Foundation (10-year lease term).

Other Partners:

The Guthrie Theater Foundation is leasing a portion of the park land to the Foundation (10-year lease term).

Construction Began: 

Fall 2006

Construction Completed: 

Spring 2007

Contact:

CPED Project Coordinator:
Emily Stern (612) 673-5191.

Updated: August 30, 2011

Last updated Oct. 28, 2011