Nicollet Mall redesign expected to spur more than $100 million in additional spending, create nearly 1,000 jobs

A new independent economic impact study of the Nicollet Mall project found the reconstruction is expected to create $105.5 million in additional spending in Minnesota and 860 full-time equivalent jobs. The study was conducted earlier this year by Donjek and Anton Economics.

Downtown Minneapolis is currently home to more than 130,000 jobs, and Nicollet Mall contains the densest concentration of jobs and market values in the state, according to the study. Originally constructed in 1968, Nicollet Mall was created to strengthen the appeal both for retail and downtown investment.

The study also outlined the following economic benefits of a Nicollet Mall reconstruction:

New York-based James Corner Field Operations, which has been involved in a multitude of high-profile projects including Chicago’s Navy Pier, Seattle’s Waterfront and the High Line in New York City, was chosen to redesign Nicollet Mall. The firm will unveil its final design recommendation this spring.

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Published Mar 19, 2014