DEED Commissioner Katie Clark Sieben visited the Mankato area for a day of site visits with local businesses and stopped at the Verizon Wireless Center to highlight Gov. Mark Dayton’s bonding proposal that would provide the city $14.5 million to fund an addition to it.
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If the bonding money is granted, the event center will be remodeled to incorporate both men’s and women’s Minnesota State University, Mankato (MSU,M) hockey training facilities. The Verizon Wireless Center arena will be updated and remodeled including, new seating, concourse improvements, ice system and dasher board upgrades and Blue Line Club room facilities. The university’s lease will be revised to allow year-round use for both men’s and women’s hockey games and practices. Year-round use will displace many concerts, conventions, and trade shows from the main arena area. That’s why the addition of an auditorium is necessary. The multi–use auditorium and additional meeting rooms are designed to increase trade shows conventions, small concerts and performing arts activities.
In addition, the commissioner saw the Tailwind South Front Redevelopment Project sites. The city is the recipient of a $2.2 million Redevelopment grant from DEED to support the project. It will fund public improvements associated with construction of a parking ramp and other parking upgrades. At least 41 new private sector jobs, 100 retained jobs and an annual property tax increase of $175,733 are expected as a result of the redevelopment.
Commissioner Sieben also visited Creation Technologies and Imperial Plastics, took a regional economic development tour and met with local business leaders at a roundtable.