10.11.05

mpls: Eliot Park meeting next week

Eliot Park NRP meets to decide what to do for Phase 2.

The Downtown Journal reports:

“The whole intention of Phase Two is to leverage funds by working with private and public organizations,” she said.

That means Elliot Park will stay out of future development projects similar to East Village and Grant Park. “There's so much less money,” Braun said. “Now that private investment has started [in Elliot Park], we don't need to give money away anymore.”

Instead, EPNI might purchase and fix up a building, then lease it out, for example.

There's been a firesale on land in Eliot Park lately, and there's still a ton of beautiful housing stock in that area.

Meeting is at Eliot Park Rec Center. 11/14, at 6 p. m.

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