recapture increased tax revenue and offset eligible development costs,” says McCann. These programs are often tailored to meet the specific needs of the industry, whether it involves site preparation, utility connections, or workforce training.The Port Authority collaborates closely with city staff and potential investors to streamline the process, ensuring minimal bureaucracy and maximum responsiveness. This collaborative, no-nonsense approach is consistently cited as a reason why businesses choose to grow in North Mankato. REVITALIZATION AND REDEVELOPMENT In addition to industrial development, North Mankato is actively revitalizing key areas of the city, breathing new life into aging infrastructure and underused properties. One standout project involves transforming a long-neglected hotel site into a vibrant mixed-use development. Fischer recounts, “The Port Authority acquired the hotel and later sold it to developers who are converting it into apartments. They’re also adding commercial buildings, some with residential units above, and planning a new hotel on the adjacent land. It’s the largest redevelopment project we’ve had in two decades.” This redevelopment goes beyond bricks and mortar; it’s a symbol of North Mankato’s strategy of sustainable urban renewal.The reimagined site will offer a blend of market-rate housing and commercial amenities, helping to meet the growing demand for modern living spaces while drawing in new business and hospitality opportunities.The additional commercial space aims to foster local entrepreneurship and attract service-based businesses that complement the residential component. The project also represents the Port Authority’s unique ability to act swiftly and decisively in revitalization efforts. By taking ownership of distressed properties and facilitating their transformation through public-private partnerships, the Authority helps reposition neglected parcels into thriving community assets. These types of adaptive reuse projects are REAL IMPACT. Because of our local ties, we have a true understanding of the people, needs, and resources in the communities we serve. We work for the North Mankato community with your needs and best interest in mind. Bolton-Menk.com 70 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 04
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