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Minneapolis Mayor Backs City Center Site for New Timberwolves and Lynx Arena

Frey says the downtown site could support a modern venue and an adjacent entertainment district, while team owners say they want a mostly private build.

The parcel went on the market earlier this year after Target paid to end its lease. Demolition costs could run into the millions.

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The Business Journals broke the news in United States on Thursday, April 30, 2026.
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