$500M Pentagon Park plan, price tag worries Edina neighbors - New York News

$500M Pentagon Park plan, price tag worries Edina neighbors

Posted: Updated:
EDINA, Minn. (KMSP) -

Developers are willing to invest some big money to recreate a corner of Edina, but the $500-million price tag has many current residents worrying that their community might change too much.

To give a sense of scope, the new Vikings stadium is a billion-dollar project, and the Mall of America is spending $325 million on a new expansion -- including a hotel. Now, neighbors wonder how $500 million will affect their local landscape.

Patty Stang lives just north of the Pentagon Park redevelopment project. Her immediate backyard is the Fred Richards Golf Course, with the office park just beyond that. With the course set to close at the end of the year, Stang now wonders what's next.

"That would be a big concern for us here with the noise and the light, and it could really start to creep into our single-family homes," she said.

Even while residents fret over what the future may look like, it seems city leaders are all for what some are calling a legacy, once-in-a-lifetime project for the 42 acres near the Southdale Mall. 

"It's been a long journey, and tonight, we commit to proceed forward together," Scott Takenhoff said at the Edina City Council meeting on Tuesday night.

Currently, many of the buildings in the old office park along West 77th are blighted, vacant and unkempt -- but the new owners have big, expensive plans for a facelift. Once complete, the space is expected to feature a hotel, more than a million square feet of new office spaces, small shops, restaurants, bike paths and green space.

"It's a huge investment -- huge," Bill Neuendorf, Edina's economic development director, told Fox 9 News. "You don't often stumble on 40 acres of land you can redevelop."

Developers outlined their ambitions before the Edina City Council on Tuesday, beginning with the demolition of a building at the intersection of Highway 100 and 494 to make room for a 12-story hotel. From there on, it will be a 10- to 15-year effort to see it complete.

The developers are taking nearly all of the risks upon themselves in this endeavor as well, and city leaders insist that taxpayers will be protected throughout the process.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 35 breathtaking views of Supercell clouds in Minnesota, Wisconsin

    35 breathtaking views of Supercell clouds in Minnesota, Wisconsin

    Sunday, July 27 2014 1:26 PM EDT2014-07-27 17:26:52 GMT
    Saturday night, North of the metro, a "Trail of Hail" made its way from Minnesota to Wisconsin. Large hail, some the size of tennis balls were reported in parts ofPolk County, WI. There were only a few storms but those storms were
    Saturday night, North of the metro, a "Trail of Hail" made its way from Minnesota to Wisconsin. Large hail, some the size of tennis balls were reported in parts of Polk County, WI. There were only a few storms but those storms were
  • Plano dad’s invention fills and ties water balloons in seconds

    Plano dad’s invention fills and ties water balloons in seconds

    Thursday, July 24 2014 4:16 PM EDT2014-07-24 20:16:28 GMT
    One creative dad has come up with a quick and easy solution for a North Texas summer staple – the water balloon fight.
    One creative dad has come up with a quick and easy solution for a North Texas summer staple – the water balloon fight.
  • Newborn dead, 14-year-old girl hospitalized in southern Minnesota

    Newborn dead, 14-year-old girl hospitalized in southern Minnesota

    Sunday, July 27 2014 5:15 PM EDT2014-07-27 21:15:10 GMT
    Police in southern Minnesota are investigating the death of a newborn baby and the hospitalization of a teenage girl in the small town of Butterfield, Minn. -- but they aren't releasing many details, and many rumors are swirling in place of answers.
    Police in southern Minnesota are investigating the death of a newborn baby and the hospitalization of a teenage girl in the small town of Butterfield, Minn. -- but they aren't releasing many details, and many rumors are swirling in place of answers.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices