Allen E. Hoppe, CFA, CTP, Director - Banking, Investments and Debt
Minneapolis, MN
Minneapolis, MN
Learn about Minneapolis, MN including our News & Press Releases and Team.
Have questions? Reach out to us directly.
Learn about Minneapolis, MN including our News & Press Releases and Team.
The City of Minneapolis is located in Hennepin County. It is the largest city in Minnesota and serves as the center of finance, industry, trade, and transportation for the Upper Midwest region of the United States.
Minneapolis encompasses 57.4 square miles, including five square miles of inland water. The City rests along the banks of the nation’s largest river, the Mississippi. Minneapolis is known as “The City of Lakes,” featuring 22 lakes and 170 city parks. The Minneapolis Park System is one of the City’s most prized assets and considered one of the premier park systems in the United States. Properties of the Minneapolis Parks & Recreation Board total nearly 6,732 acres of land and water and include full-service neighborhood recreation centers.
As the major city within the larger metropolitan area, Minneapolis enjoys a strong and highly diverse business foundation of companies involved in manufacturing supercomputers, electronics, medical instruments, milling, machine manufacturing, food processing and graphic arts. In addition, with seven hospitals and the University of Minnesota, Minneapolis is a nationally known medical center that produces many high technology medical products.
Mayor Jacob Frey announced his priorities for 2025, laying out a progressive agenda that will drive the City's policy and budget decisions. The priorities build on the work already underway and focus on key areas that will shape Minneapolis’ future: building out a comprehensive safety ecosystem, expanding affordable housing, creating economic opportunities, advancing climate action, and ensuring good governance. These priorities aren’t just about policy—they reflect a commitment to building a Minneapolis that’s stronger, more equitable, and more sustainable for everyone.
"Our vision for 2025 is clear: provide the most important City services with excellence,” said Mayor Jacob Frey. "We want to see safe streets, affordable housing, good paying jobs, and equal access to opportunity regardless of zip code.”
“Setting priorities for the City is a roadmap for the work ahead. It provides the strategic direction for City staff to dig in and work on behalf of Minneapolis residents,” said City Operations Officer Margaret Anderson Kelliher. “Doing the work of the City is like running a well-oiled machine. When we all work together for the good of the City, that’s when real change happens. We appreciate Mayor Frey setting the tone for 2025 and beyond.”
“The Office of Community Safety’s vision of a safer Minneapolis is aligned with Mayor Frey’s priorities,” said Community Safety Commissioner Toddrick Barnette. “We have generated significant momentum in our first responder recruiting efforts and continue to build out the foundation of our expanded response services through the Safe and Thriving Communities plan. We are fully engaged in the work laid out by the MDHR Settlement Agreement and while there is much to be done, we are committed to delivering the community safety ecosystem that our community expects and deserves.”
“The City is committed to the important work of police reform and building upon efforts that have already been implemented in the Minneapolis Police Department,” said City Attorney Kristyn Anderson. “The community has spoken loud and clear that this is a priority for the City not just for this year, but for years to come.”
The City of Minneapolis has unveiled a draft Development Framework for the highly anticipated New Nicollet Redevelopment project, guided by input from thousands of community members. Through 14 in-person and virtual events, 2,245 survey responses, and 520 in-person interactions, the community’s voice is represented and shaping every aspect of this project.
During an open house at Whittier International Elementary School, the project team celebrated the public’s engagement and shared a bold vision for transforming the former Kmart site into a thriving hub of green space, a variety of housing options, and small business opportunities.
“Reconnecting Nicollet Ave. has been a decades-in-the-making vision, and we are going to get it done right,” said Mayor Jacob Frey. “For far too long, this space has separated our communities rather than united them, and this community-driven process is bringing them back together. Opening it up with people, a park, and public realm improvements will drive life into a place that everyone will want to be.”
The New Nicollet Redevelopment site spans 10 acres of land between the Midtown Greenway trail, Lake Street, First Avenue and Blaisdell Avenue. The City's plan includes the reconnection of Nicollet Avenue and creates more opportunity for
“Residents are at the center of the New Nicollet Redevelopment project, which is a generational investment in our community. Thousands of residents have offered their feedback as part of the extensive community engagement guiding the project,” said Minneapolis City Council Vice President Aisha Chughtai. “I’m committed to ensuring impacted residents have a seat at the table and their vision guides every decision in this development.”
A few of the top resident priorities emerging from community engagement include enhanced public spaces, a variety of housing choices for households at all income levels and a new grocery store.
"Whittier Alliance has been thrilled to partner with the City and other local community organizations to drive community engagement on this project. We know that effective planning happens when community members' voices are heard,” said Anna Schmitz, executive director of Whittier Alliance. “It's exciting to see the results of that engagement in this Development Framework--and, crucially, we know that engagement work can't stop here. We look forward to continuing to bring community members to the table as this project continues to move forward."
"The New Nicollet Redevelopment is a testament to the power of inclusive, community-driven planning. Thanks to the dedication of our planning staff and the thousands of residents who shared their ideas, we are creating a vision that reflects the needs and aspirations of the people who live and work in this area,” said Community Planning and Economic Development Director Erik Hansen. “This project will bring new housing, green space, and economic opportunity to the heart of Minneapolis, and we are excited to continue this work together."
The project team will seek approval of the Development Framework from City Council and the mayor this spring. Construction on Nicollet Avenue is expected to begin later this year.
Minneapolis reached a major milestone in 2024, surpassing $1 billion in construction value for the 14th year in a row. The impressive total reflects the city’s continued growth and residents’ confidence in Minneapolis as a place to live, invest and build.
At a news conference Tuesday, Mayor Jacob Frey – flanked by Council President Elliott Payne, Council Member Jamal Osman, City leaders and development representatives – said the numbers signify how much people believe in Minneapolis’ future and are committed to making it stronger.
"No matter the scale or scope of the project, these numbers speak volumes: people trust Minneapolis. They see it as a city of opportunity, a city worth building in, and a city worth building on,” said Mayor Jacob Frey. "Surpassing $1.8 billion in construction value is no small achievement. I am incredibly proud of our outstanding CPED team and community partners, whose dedication ensures Minneapolis remains a city that people are eager to invest in and call home.”
Half of the highest-valued projects in 2024 are for affordable housing developments, showing the City continues to invest in publicly subsidized homes for residents who need them. The City also permitted smaller, residential projects like kitchen or bath remodels, home additions and more. Over the last several years, this has proven that residents not only want to move to the city but want to improve their homes to stay long term.
"These numbers represent the City’s deep commitment towards addressing the housing crisis,” said Minneapolis City Council President Elliott Payne, Ward 1. “Construction at this scale doesn’t happen at the whim of the market, but through focused and consistent dedication to housing policy that prioritizes the needs of the community.”
“I am very pleased to see the City continuing to invest in publicly subsidized housing for Minneapolis residents,” said City Council Member Jamal Osman, Ward 6. “Buying a home can be a struggle, so it is great to see efforts being made to help people stay in Minneapolis. Homeownership should be achievable for everyone in Minneapolis, and if the City continues investing in its future, that can become a reality for more residents.”
By the numbers, the City of Minneapolis issued 44,574 permits in 2024. There were 640 dwelling units permitted for new construction. The overall value for the year is more than $1.806 billion.
“The exciting part is that this work never stops. There are more significant projects in the future that will continue to build and enhance Minneapolis – for people and our community,” said City Operations Officer Margaret Anderson Kelliher. “It’s an important responsibility to build a future Minneapolis for generations to come.”
“This milestone is a testament to the collaboration and vision of our employees, city leaders, developers and residents, said Community Planning and Economic Development Director Erik Hansen. “As we look ahead, the projects on the horizon promise to continue reshaping Minneapolis into a city that thrives for everyone who chooses to open businesses and call it home."
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