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The public comment period is now closed. The draft plan is undergoing revisions, and a revised draft will be released in late September. Visit the FAQ page for more information on Minneapolis 2040.

POLICY 23

Coordinated Development Strategy: Coordinate the development of housing, businesses, and infrastructure in geographic areas where a district-wide approach has the greatest opportunity for achieving Minneapolis 2040 goals.

By several measures, Minneapolis is experiencing resurgence. The city’s number of residents and jobs is increasing, new businesses are opening, and over $1 billion each year is invested in new buildings and remodeling. Despite this overall success, some areas of the city are not sharing in the positive effects of reinvestment, perpetuating our economic and housing disparities by race. Overcoming those disparities requires long-term, sustained, and coordinated investments in private land development and development-related public infrastructure. The city also has areas where the private market can deliver new development providing housing, jobs, retail goods and services, and increased tax base in the short term following a few well-timed, strategic investments by the public sector. In both of these cases, a district-wide approach provides the best opportunity for achieving the goals of this plan.

ACTION STEPS

The City will seek to accomplish the following action steps to coordinate the development of housing, businesses, and infrastructure in geographic areas where a district-wide approach has the greatest opportunity for achieving Minneapolis 2040 goals.

  1. Use data and objective criteria to identify geographic areas most in need of reinvestment and where a coordinated approach would result in achieving Minneapolis 2040 goals.
  2. In these areas, conduct planning processes that clearly articulate a coordinated district-wide development plan including the location, phasing, and conceptual design of buildings and infrastructure as well as strategies to minimize the displacement of nearby residents and businesses.
  3. Devote City staff time to interdepartmental coordination teams tasked with implementing coordinated district-wide development plans in these areas.
  4. Prioritize use of City dollars, as well as resources from other jurisdictions, on implementing coordinated district-wide development plans in these areas.
  5. Use and leverage City funds, including the City’s Development Infrastructure Fund, to make strategic infrastructure investments that implement coordinated district-wide development plans in these areas.
  6. Strategically acquire and dispose of property in order to implement coordinated district-wide development plans in these areas.
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