Student Housing May Soon Give Way to Hotel Near U of M

Updated: 05/02/2014 6:56 AM
Created: 05/01/2014 8:46 AM
By: Brandi Powell

Soon more hotels may be going up near TCF Bank Stadium near the University of Minnesota, but not without challenges.

A Minneapolis City Council committee on Thursday approved re-zoning the area near the intersection of Essex Avenue and Huron Boulevard.

Four houses would be torn down to make space for the hotel, but the loss of student housing is concerning for some council members.

They might look like four average homes, but if all goes as planned for Minneapolis-based developers CPM Development they won't be there much longer.
"It's kind of crazy," U of M Sophomore Nate Meyer said.

It's all student housing. If the city council gives a final green light for the student housing to be torn down, a hotel will go up in its place to serve a different group of people. Family members and relatives would have a place to stay when their loved ones are at U of M's new Ambulatory Care Center. It's also a spot parents could stay when visiting U of M students, or where tourists could stay in general.

"We're watching it and we're balancing it," Councilman Cam Gordon, who serves the Second Ward, said.

Gordon has some concern about what's happening around the university. "It's where the larger market forces, and the investments that people want to make, are potentially eliminating affordable, accessible student housing that's been working OK."

"We were planning on living there through the summer, and now we have to find on finding a different place," Meyer said. "It's definitely inconvenient to have to be moved."

Some city leaders feel it's necessary to give the area a boost.

The Minneapolis City Council will vote on it next Friday; they're expected to approve it.

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