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Minneapolis aims to retain public control of Upper Harbor Terminal concert venue Minneapolis, First Avenue partnership in riverfront project re-examined. By Susan Du, Star Tribune July 24, 2021 5:25pm Text size Copy shortlink: Minneapolis planners say they have discovered a way to keep public ownership of all the land in a project to redevelop an old Mississippi River port into a residential and commercial hub on the city s North Side. A draft master plan previously called for the city and Park Board to retain most but not all of the 48-acre Upper Harbor Terminal land, with developers paying ground-leasing fees to construct buildings on it. One key parcel of the terminal project was slated to pass into private hands: the polarizing 10,000-seat First Avenue concert venue at the project s core. ....
The Upper Harbor Terminal is a 48-acre site in north Minneapolis that used to operate as a barge shipping terminal. The city said the barge terminal operations ceased at the end of 2014 ahead of the closure of the Upper St. Anthony Falls lock in 2015. The current operation on site is outdoor storage of commodities that are trucked to and from the site. The city said the current redevelopment planning process for Upper Harbor Terminal began in 2015. The current estimated development cost is $300 million, which does not include city infrastructure and park costs. Developers could turn it into a multi-use site including a 19-acre park, a community performing arts center, a health and wellness hub and housing. ....