Friday, January 11, 2013
The money will be used to clean up arsenic and asbestos on the old Park Nicollet site.
Just a day after the Metropolitan Council announced a $15,000 grant for the Lutheran Digest portion of Hopkins’ Gallery Flats development, the Department of Employment and Economic Development announced it’s awarding $50,000 in cleanup funds for the Park Nicollet portion of the project. The money will be used to clean up arsenic and asbestos on the 1.81-acre site at 815 First St. S., according to a Thursday DEED news release. Developer Klodt Cos. plans a mixed-use project on the property and the neighboring Lutheran Digest site that will have a total of 163 apartments. The development will create nine jobs, increase the tax base by $480,525 and leverage $24.4 million in private investment, according to DEED. Hennepin County, the Met …
44.922307
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815 1st St S, Hopkins, MN
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Thursday, September 13, 2012
Although the Southwest project received just $2 million of the $14 million requested, local leaders say the downtown projects underway in Hopkins make sense even if the new light rail line doesn’t come through.
Update: On Thursday, Gov. Mark Dayton announced that Southwest Light Rail Transit would receive $2 million of the $14 million requested. While Hopkins leaders aren’t happy the Department of Employment and Economic Development rejected the Metropolitan Council’s $14 million request for Southwest Light Rail Transit, they don’t expect the decision to slow downtown development plans. “I feel like we can’t change our long-term vision for a short-term setback,” said Kersten Elverum, the city’s director of economic development and planning. “Obviously, it was really disappointing news.” Planners have shaped downtown development to take advantage of a light rail line that is supposed to run just across Excelsior Boulevard. However, many of the …
Tuesday, August 30, 2011
Rate was 'distorted' by the government shutdown, says Department of Employment and Economic Development.
About 2,900 more Hennepin County residents were working in July than were in June. The county's unemployment rate was 6.9 percent last month, the latest figure available, according to the Department of Employment and Economic Development (DEED). That's a 0.1 percent drop from the 7 percent rate in July 2010. The updated rate in June of this year also was 7 percent. The county labor force in July was 666,784 people. The local unemployment rate was 0.5 percent lower than the state unemployment rate of 7.4 percent, and 2.4 percent lower than the national rate of 9.3. None of these figures are seasonally adjusted. "It was interesting to see the June and July rate stay somewhat stable from month to month," said Bruce Nustad, president of …
