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

$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>>

  • 16-year-old paralyzed in ATV crash saved girlfriend

    16-year-old paralyzed in ATV crash saved girlfriend

    Tuesday, August 19 2014 4:13 PM EDT2014-08-19 20:13:47 GMT
    His life may never be the same, but the 16-year-old running back from Hinckley High School was able to get his girlfriend to safety when the unthinkable happened while the two were riding his four-wheeler.
    His life may never be the same, but the 16-year-old running back from Hinckley High School was able to get his girlfriend to safety when the unthinkable happened while the two were riding his four-wheeler.
  • 28 new foods at Minnesota State Fair in 2014

    28 new foods at Minnesota State Fair in 2014

    Wednesday, June 25 2014 2:57 PM EDT2014-06-25 18:57:53 GMT
    The Minnesota State Fair is adding 28 new foods to the already massive, artery-clogging list of 500 foods from 300 different vendors. New food include everything from a bacon-wrapped turkey leg and beer gelato to a shrimp dog and chocolate salami.
    The Minnesota State Fair is adding 28 new foods to the already massive, artery-clogging list of 500 foods from 300 different vendors. New food include everything from a bacon-wrapped turkey leg and beer gelato to a shrimp dog and chocolate salami.
  • New app won't let kids ignore calls from parents

    New app won't let kids ignore calls from parents

    Tuesday, August 19 2014 11:42 AM EDT2014-08-19 15:42:22 GMT
    Giving a child a cell phone doesn't always mean they'll answer when their parents call. Now, there's an app for that.
    Giving a child a cell phone doesn't always mean they'll answer when their parents call. Now, there's an app for that.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices