abc
QUICK LINKS:

Midtown Global Market Granted Bail Out by City of Minneapolis

Updated: 12/10/2013 8:55 PM
Created: 12/10/2013 8:51 PM KSTP.com
By: Cassie Hart

The Minneapolis City Council decided Tuesday it will grant the privately-owned Midtown Global Market in south Minneapolis a public bail out.

Mayor Rybak pushed for the relief of $270,000 from the city, plus the forgiveness of another $1.5 million in loans.

Despite generating $10 million in annual sales, the market is running a $200,000 annual deficit.

It houses nearly 40 shops and employs hundreds of people.


Minneapolis/St. Paul

Clear
65°
80° | 60°
  • Feels like: 65° F
  • Wind: N 6mph
  • Humidity: 75%
  • Thu Mix of sun and clouds
    80° | 62°
  • Fri Scattered thunderstorms possible
    78° | 64°
  • Sat Partly cloudy, chance of a thunderstorm
    82° | 64°
  • Sun Isolated thunderstorms
    77° | 58°

Video

KSTP NEWS