Downtown Assets Fund 2027 Budget

At a glance

Based on manual (live) captions; names and figures may be misheard.

• What: The mayor's proposed 2027 budget for the Downtown Assets Fund, which supports the convention center, Target Center and Peavey Plaza.
• Where it stands: Presented to the Budget Committee and filed. Revenue is flat, expenses are proposed to rise 4%, and the budget includes the Target Center operator contract, a Big Ten women's volleyball bid and higher Peavey Plaza maintenance funding.

Sources

• 2026-10-23 - Budget Committee
• Video: https://www.youtube.com/watch?v=QCde_0U6ZK4

Log

• 2026-10-23 - Budget Committee - Presented to the Budget Committee and filed. Revenue is flat, expenses are proposed to rise 4%, and the budget includes the Target Center operator contract, a Big Ten women's volleyball bid and higher Peavey Plaza maintenance funding.

2026-10-23 - Budget Committee

Marked agenda: Convention Center budget presentation received and filed.