Minnesota Bill Could Help Mall of America Expand

Sat April 10, 2010 - Midwest Edition
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ST. PAUL, Minn. (AP) A tax bill that aims to get construction started at the Mall of America got its first hearing on March 15.

The bill from House Taxes Committee Chairwoman Ann Lenczewski includes tax incentives that would reward investors who put their money into growing small businesses and historic building renovations.

It would adjust the wording of state law on the Mall of America expansion, in a move that Democrats said could get a hotel project there started. Union officials estimated the hotel construction could employ 200 to 250 full-time workers.

The bill also would establish a tax credit for investments in small high-tech companies, manufacturers and eco-friendly businesses and another tax credit for historic renovation projects.

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