SF2166

Purpose

• This bill would provide a one-time financial grant funded by the general fund to support a redevelopment project in Minneapolis. Specifically, it authorizes a $2,500,000 appropriation in fiscal year 2026 to the Commissioner of Employment and Economic Development to give a grant to Wilsons Image Holding LLC. The goal is to design, construct, furnish, and equip capital improvements needed to renovate an existing commercial building into a food hall that includes a brewery and taproom, plus multiple restaurants and dining spaces on West Broadway in North Minneapolis.

Main Provisions

• Amount and funding source: $2,500,000 is appropriated from the general fund in fiscal year 2026.
• Recipient and purpose: The grant goes to Wilsons Image Holding LLC to cover design, construction, furnishing, and equipping capital improvements for renovation.
• Project scope: Convert an existing commercial building into a food hall with a brewery and taproom, restaurants, and dining space; include demolition, environmental cleanup and abatement, and other improvements to ensure the space is safe, modern, and functional.
• Location: West Broadway, North Minneapolis.
• Availability and deadlines: The appropriation remains available until the project is completed or abandoned, consistent with Minnesota law (Minnesota Statutes section 16A.642).

Significance and Potential Impact

• Targeted economic development: Aims to revitalize a specific area in North Minneapolis by creating a food hall and related facilities.
• Environmental and safety work: Includes demolition and environmental cleanup/abatement to prepare a safe, functional space for use.
• Private project with public funding: Uses state general funds to support a private redevelopment effort, with oversight through the appropriate state agency.

Changes to Existing Law

• No broad statutory changes described; this is a one-time capital investment appropriation.
• Establishes a specific funding mechanism (grant from the general fund to a private entity) and ties it to a project timeline and completion/abandonment condition under existing statutes (16A.642).

Note

• The bill centers on funding for a real estate and business development project and does not create new programs beyond the specified appropriation and its conditions.

Relevant Terms - general fund - appropriation - grant - Commissioner of Employment and Economic Development - Wilsons Image Holding LLC - design - construct - furnish - equip - capital improvements - renovation - demolition - environmental cleanup - abatement - food hall - brewery - taproom - restaurants - dining space - West Broadway - North Minneapolis - fiscal year 2026 - Minnesota Statutes section 16A.642