Bloomington Port Authority Commission Discusses South Loop District Plan and Approves Key Budget Amendments
- Meeting Overview:
The Bloomington Port Authority Commission meeting held on August 19, 2025, focused on substantial updates to the South Loop District Plan and approved budget amendments, addressing both real estate development strategies and financial planning for upcoming city projects.
A major highlight of the meeting was the discussion on the draft update to the South Loop District Plan. This update is an amendment to the 2012 South Loop District Plan, intended to maintain the document’s relevance by aligning it with current development outcomes and revised visions. The updated draft, presented by a lead planner, incorporates new policies and actions to correspond with recent conditions and policies adopted since 2012. Key focus areas include sustainable city initiatives, public space design, and stormwater management, as well as adaptations to the original Lyndale Link vision, addressing recent developments in the area.
Stakeholder engagement was a priority in this planning process, involving outreach to developers, government agencies, and nonprofits. A public hearing, initially set for September 8, was rescheduled to September 15 to accommodate the Planning Commission’s recommended changes. The Mayor sought clarification on communication strategies with large employers in the area, emphasizing the need for their involvement in the planning process. The planner assured that outreach was extensive, involving significant stakeholders like U.S. Fish and Wildlife and Hennepin County.
A commissioner raised concerns regarding design flaws in existing public spaces, specifically at 24th and Lyndale. The updated guidelines aim to rectify such issues in future developments, targeting enhanced site design standards for key intersections and gateway developments. The overarching goal remains transforming the South Loop District from a suburban to an urban neighborhood, aligning with the original 2012 vision.
In conjunction with planning discussions, the Commission explored land use intensity in Bloomington’s southern sector, prompted by a directive from the Planning Commission. The dialogue underscored the necessity of optimizing redevelopment opportunities in an already developed city. This reexamination involves aligning zoning standards with the 2012 plan’s goals, focusing on aspects like floor area ratios and building placements to achieve the intended vision for the area.
Another agenda item was the Carbon 31 refinance agreement, which underwent modifications to facilitate the refinancing of a construction loan through a Fannie Mae loan. The changes involved creating a new entity to assume existing Tax Increment Financing (TIF) agreements. The Commission unanimously approved the resolution for this refinancing, maintaining the affordable housing declaration intact despite the organizational changes.
The meeting also addressed the Port Authority’s Hatch Program, which supports new businesses in Bloomington with a $100,000 prize. The program, now in its second year, has garnered additional funding from local organizations and a federal grant, totaling $40,000. This initiative, previously supported by the Chamber of Commerce, continues to attract interest from businesses aiming to contribute to Bloomington’s economic landscape.
Financial planning was another focal point, with the Commission delving into the preliminary budget and levy for 2026. The proposed budget outlined revenues and expenses aimed at building reserves, with a levy request reflecting an increase to support service growth. The Commission discussed the restructuring of fund naming conventions to align with city standards, simplifying financial tracking for initiatives like facade improvements and microloans.
The Commission also reviewed the Port Authority’s mission statement, emphasizing inclusivity in economic development. The discussion centered on the importance of fostering a resilient economy and supporting small businesses alongside larger projects. The finalized mission statement was adopted unanimously.
In personnel matters, the Commission recognized the resignation of a long-serving commissioner, acknowledging his contributions and service since 2000. Additionally, the hiring of a new city manager was announced, bringing anticipated stability to the position.
Tim Busse
Port Authority Officials:
Bob Erickson, Tim Keller, Rob Lunz, Shawn Nelson, Steve Peterson, Holly Masek (Port Authority Administrator)
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Meeting Type:
Port Authority
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Committee:
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Meeting Date:
08/19/2025
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Recording Published:
08/19/2025
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Duration:
125 Minutes
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Notability Score:
Routine
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State:
Minnesota
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County:
Hennepin County
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Towns:
Bloomington
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