Riverfront Stabilization and Cultural Corridor Project Capital Budget Request Application

Adopt Resolution R2021-116, approving an application for the Riverfront Stabilization and Cultural Corridor Project Capital Budget Request.

Capital budget bills are passed in even-numbered years. The State of Minnesota capital budget includes funding to local government entities for projects primarily relating to the repair and construction of various types of infrastructure, including schools, parks, bridges and waste-water treatment facilities, etc.

$6.25 million in state funds is requested to stabilize the Minnesota Riverbank in Shakopee and create one of the first Cultural Corridor experiences in Minnesota. This project will stabilize a degrading riverbank, protect critical public infrastructure, and provide public education of Shakopee’s rich history (Dakota Indians, early settlers, steamboats, etc.) along the Minnesota River.

A 50% match in funding is required. The Riverfront Stabilization and Cultural Corridor Project is included in the 2021 - 2025 Capital Improvement Plan (CIP) to meet match funding requirements.