The $750M Project TRANSFORMING This Minneapolis Suburb
About this video
Blaine is building a $750 million downtown from scratch, transforming one of Minnesota's largest suburbs into a true destination. In this video, we break down the timeline, the Scheels effect, the National Sports Center connection, and what it could mean for future home values.
Key takeaways
- Blaine, Minnesota's 10th-largest city with about 75,000 residents, broke ground in November 2024 on a roughly $750 million town center on about 69 acres near 105th Avenue NE, next to the National Sports Center, which draws more than 4 million visitors a year.
- The project is financed with tax increment financing, tax abatement and bonds rather than the city's general property tax, according to the video.
- Phase one includes a full-service hotel, a food hall, a 5,000-seat stadium and event center, golf entertainment and pickleball. Phase two (about 2027 to 2028) adds more hotels, housing, restaurants and offices.
- Scheels plans a store of about 250,000 square feet with a 75-foot Ferris wheel and a 16,000-gallon aquarium, opening in spring 2028 with more than 500 jobs.
- Jason expects the biggest housing effect within about a mile of the 105th Avenue corridor. As stated in the video, Blaine homes were trading in the high $300,000s to low $400,000s, and in ZIP code 55449 in the high $400,000s to low $500,000s.
Questions this video answers
What is being built at the National Sports Center in Blaine?
A town center of about 69 acres with a hotel, food hall, 5,000-seat stadium and event center, golf entertainment, pickleball and, later, more hotels, housing, restaurants and offices, plus a large Scheels store planned for spring 2028.
Will the Blaine town center raise home values?
Jason expects the biggest effect on homes within about a mile of the 105th Avenue corridor, though no one can promise appreciation. Check the Blaine market report for current prices.
Read more: Blaine market report · Blaine vs. Coon Rapids · Andover vs. Blaine
Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on June 9, 2026; check the current numbers in our market reports.
