Posted Jun 11, 2019, 4:30 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,381
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Cancelled
*Feb 5th, 2019
https://www.mprnews.org/story/2019/0...ject-goes-boom
Quote:
An expensive and high-profile development in Rochester, Minn., is dead.
Representatives from the Abu Dhabi-based developer, Bloom Holding, said late last year they might scale back their plans, and then failed to meet a city deadline to say how they planned to move forward on the property.
The $230-million project would have put condo, retail and hotel space on a plot of city-owned land on the banks of the Zumbro River. The project would have been the largest private investment in the taxpayer-subsidized Destination Medical Center economic development plan.
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