The Mall of America is continuously upgrading their services, working night and day to appeal towards new consumers. One of the latest ventures to acquire new guests is with the development of an enormous water park, which is being built directly against the gigantic mall. The building plans and zoning laws were approved by the Bloomington City Council, who will now allow for a 330 thousand square foot waterpark to be designed beside Lindau Lane. There will be an adjoining bridge between the mall and this new waterpark, with the total cost expected to range around $250 million. Once it’s completed, it’ll be the largest waterpark built in North America.
Now that this waterpark has been approved, large-scale efforts must be undertaken to renovate individual sections of MOA. The massive park lot located by Lindau Lane on the northside of the mall will be redesigned for the waterpark. This means that new parking facilities will be built underground, with significant parking ramp being modelled for the east side of the waterpark. Subsequently, more than 1700 new parking spaces will be available. Included in these parking facilities will be VIP Locations, where an employee will park your vehicle and take luggage to hotel suites located in the waterpark.
The Bloomington City Council worked a contracting deal with the Mall of America, which enabled the approval to be fast-tracked. The Provident Resources Group is crafting this new waterpark facility. Their located in Louisiana and work as a not-for-profit organization. Tax-Exempt Bonds are being maintained by the Arizona Industrial Development Authority, who will fund the Louisiana-located construction company. The city council provided financial details to reporters, which was surprising.
Citizens were shocked that the city council didn’t want property taxes to be paid on this new 330 thousand square feet facility. It suggests that individuals in the committee received a payout from the Mall of America. However, the committee came to their defence by saying that when this facility begins to turn a profit, a 1% tax will be maintained on all funds being earned from the waterpark. Most don’t realize that this could be worth millions in the coming years.
Another way that voters and taxpayers in the City of Bloomington were wronged was with the announcement of the parking ramp and sky bridge connection. Citizens were told that the city would spend $55 million to create these two facilities, with financing coming from the Bloomington Port Authority.