The City of Blaine has recently finalized a financing package that will support a transformative redevelopment project along 105th Avenue and Radisson Road. In a unique collaboration between the City of Blaine, the National Sports Center and the private development team of Elevage Development Group/Bader Companies, the City will issue bonds to pay for the addition of artificial turf soccer fields to the National Sports Center (NSC). In exchange, NSC will do a long-term lease deal of excess land to the private developer team, and the developer will create new taxable value that will support the City’s debt issuance. This new entertainment district will build off the success of the National Sports Center, providing recreation, lodging and commerce opportunities to the 4.1 million annual NSC visitors and 71,000+ residents of Blaine.
Image credit: City of Blaine