now turn to the North Loop, and a rising level of concern about parking
and access. This presentation reflects ongoing conversations and research by The
2020 Partners and a work group focused on parking and access. Special gratitude to
of Lee and Associates who is co
presenting and has done a
tremendous amount of work on this topic. For those who may not know
Partners, it is an evolving private and public forum that organizes to facilitate the
continuing transformation of a vital and unique place. Its goal is to lay the
foundation and attract investment for future development in the North Loop by
knitting together communities and leveraging district assets with a special
emphasis on Target Field, Minneapolis Farmers Market, transit and energy.
RA’EESA: For most of its history, the North Loop was an industrial area. It was home
to a large railroad yard and numerous warehouses and factories. Much of the
Warehouse District is listed on the National Register of Historic Places. In the 1980s,
the Warehouse District was the epicenter of the Minneapolis art scene until the
area's buildings became more commercially desirable in the 1990s.
RA’EESA: Since the mid
1990s, redevelopment of the neighborhood accelerated and
thousands of people have moved into the North Loop. The neighborhood is
particularly popular with people who work in downtown Minneapolis, whose
proximity allows residents to walk, bike, or take a quick bus or LRT ride to work.
Coffee shops, restaurants, bars, art galleries, and small retail stores have also
moved into the neighborhood in recent years. The
North Loop is even home to a
hand crafted clock museum!
Target Field also opened its doors in 2010.
In 1990 there were only 647 residents living in the North Loop. The
growth has been exponential with more than 180% in some years. Today there are
nearly 5,000 residents who call the North Loop home with a nearly even split
between rental and home ownership. Nearly 40% are between the ages of 25
and more than half earn greater than $100,000 in annual income.