Deal reached on $1 billion construction measure in Minnesota

Minnesota legislators have agreed to more than $1 billion in new state-backed buildings and construction projects, placing new buildings, housing and economic development initiatives in every corner of the state.

The agreement breaks a major deadlock in the closing days of the session as Democrats and Republicans had not been able to agree on the right mix of state-backed projects.

The agreement includes $100 million for roads and bridges and another $100 million for affordable housing, the largest housing investment in state history.

The measure calls for $846 million in state-backed bond debt and another $200 million in cash.

Star Tribune

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