Without Raising Taxes, Bloomington Aims To Build Massive Water Park Near MOA

MINNEAPOLIS (WCCO) – City officials in Bloomington have sketched out a plan to build one of North America’s largest indoor water parks near the Mall of America, and doing so without having city taxpayers on the hook.

The Star Tribune reports that the city and Triple Five, the MOA’s ownership group, have come up with a clever way to pay for the project: Have the city lease the land to a nonprofit, which will borrow money for construction at relatively low interest rates.

The cost of the project? Up to $250 million.

According to

More Details at Source: https://minnesota.cbslocal.com/2018/10/31/bloomington-water-park-mall-of-america-tax-payers/