Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minneapolis tops $1 billion construction mark for fourth consecutive year


The city of Minneapolis issued $1.4 billion worth of building permits last year, it said Thursday, the fourth year in a row above the $1 billion threshold but well below 2014’s $2 billion level.

That decrease is in large part due to 2014’s numbers being skewed by construction of the U.S. Bank Stadium for the Minnesota Vikings and the Downtown East redevelopment effort, which is anchored by the new Wells Fargo & Co. office towers. About $1 billion of the permit value in 2014 was for those two projects.


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