Mall of America ready to pursue $1.5 billion expansion plans
Skift Take
The Mall of America waited six years for the tax break allowing it to double in size and visitor count, but slow growing communities aren't happy about sharing the money allotted for their property tax benefits.
A $250 million tax break passed in the closing minutes of the legislative session is expected to resurrect expansion plans at the Mall of America.
The owners of the Bloomington megamall, Triple Five Group, said the $1.5 billion project would double the size of the mall, add hotels, a waterpark, performing arts center, officer towers and hundreds of additional stores. The owners have not indicated when the expansion project would begin.
The plan was developed in 2006 but remained on the shelf as backers hoped for a subsidy. Lawma
