Tax Break Could Make Megamall Bigger
ST. PAUL (AP) – A $250 million tax break is expected to resurrect expansion plans at the Mall of America.
The owners of the Bloomington megamall, Triple Five Group, say the $1.5 billion project would double the size of the mall, add hotels, a waterpark, performing arts center, officer towers and hundreds of stores. The owners have not indicated when the expansion project would begin.
The plan was developed in 2006 but remained on the shelf as backers hoped for a subsidy. State lawmakers passed the tax break just before the legislative session ended at midnight Monday.
The Mall of America says it attracts 42 million visitors each year.