Brooklyn Park backs Target's expansion with tax rebates - Bring Me The News

Brooklyn Park backs Target's expansion with tax rebates

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Brooklyn Park will provide about $5 million in property tax rebates to Target Crop. in exchange for at least 1,500 jobs, the Star Tribune reports. However, some community groups have criticized the deal because only a few local residents will be hired.

Regardless, city leaders tell the newspaper there will be indirect economic benefits, like spinoff business and increased property taxes.

The Minneapolis-based retailer is already building two nine-story office towers at its corporate campus in Brooklyn Park.

Once the new space is ready late next year, Target plans to transfer roughly 3,000 employees -- mostly information technology jobs -- from its downtown Minneapolis headquarters, Target spokeswoman Molly Snyder told the Star Tribune.

Target's Northern Campus already has about 3,000 people working in six current buildings.

Under the agreement, Target also promised to build a 20-acre city park as the 350-acre campus develops over the next decade.

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