Axios Twin Cities

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Happy International Jugglers Day, which we believe includes newsletter writers.

Your Thursday will be cloudy and windy, with increasing sun and a high of 55, according to the NWS.

ğŸŽ‚ Happy birthday to our Axios Twin Cities member Heather Stone!

Today's newsletter is 756 words — a 3-minute read.

1 big thing: Minneapolis' newest high-rise

Photo: Nick Halter/Axios

The 25-story apartment tower that opened this month in Minneapolis offers nighttime peeks inside U.S. Bank Stadium and an outdoor pool as high as you're likely to find in town.

Why it matters: Completing the 350-unit 4th & Park tower caps off a 10-year Downtown East redevelopment that cost more than $700 million and brought the city a new park, hotel, twin Wells Fargo towers, and 545 housing units.

Zoom in: Most developers use the top floor of a building for penthouses, which fetch the highest rents in a building. But Ryan Cos. and Weidner Apartment Homes decided to use it for a pool and lounge.

  • Ryan developer Joe Peris believes it's the highest outdoor pool in Minnesota.
  • "We essentially democratized the penthouse, so to speak, where we threw all the amenities up top so even if you're in a studio on the second floor, you still have the access to the penthouse," he said.
A pool covered with a tarp, with the minneapolis skyline in the background
The pool was not quite open last week. Photo: Nick Halter/Axios

What's inside: Ryan designed the building before the pandemic. When it became clear that remote work had permanence, architects swapped out what was going to be storage on the backside of the building and created a co-working space with conference rooms, private offices, and open areas.

State of play: 4th and Park is the second bookend to a pair of new towers built at the same time that is about as close as you can get to a sports stadium. The other is North Loop Green, which overlooks Target Field.

Between the lines: Being near a stadium is good for marketing, said Rick Parmeter, the building's community director. Following Chris Stapleton's April 6 concert at U.S. Bank Stadium, web traffic to the leasing website spiked.

Reality check: 4th & Park is among the last projects of a Minneapolis building boom driven by low interest rates and relaxed regulations. With rates stubbornly high, it could be a while before we see another tower of similar size break ground in the city.

Take a look around

2. Walz backs copper theft bill

Gov. Tim Walz looks at a street lamp stripped of wire near the Como Lakeside Pavilion. Photo: Torey Van Oot/Axios

Gov. Tim Walz yesterday threw his support behind a bill aimed at curbing copper wire theft, calling it a "top priority."

Why it matters: Local leaders say thieves are stripping — and selling — wires from street lamps and other city infrastructure, leaving streets and parks in the dark.

  • The city of St. Paul says it spent $1.2 million on related repairs in 2023, four times the 2019 total.

Details: The legislation, working its way through committees, requires that people selling copper wire get a license from the state.

  • St. Paul police chief Axel Henry said while it might not stop all illicit trade, adding "another layer of security" will make it more difficult for thieves to make a quick buck.

What we're hearing: Walz said that while he hasn't gotten specific commitments from legislative leaders on the bill, he believes it will pass.

  • "I feel very confident that this is this type of stuff we should be doing this year," the governor said, citing a "relatively low" price tag and early success of a similar effort targeting catalytic converter thefts.

3. The Spoon: Influential Minnesotans

Illustration: Allie Carl/Axios

The family of Ricky Cobb II, who was fatally shot by law enforcement, has filed a federal civil suit against state troopers Ryan Londregan and Brett Seide. (MPR News)

  • Gov. Tim Walz told reporters yesterday that he is still weighing whether to intervene in the Hennepin County Attorney's Office case against Londregan. (Torey via X/Background via Axios)

📖 Land O'Lakes CEO Beth Ford and University of Minnesota professor Rachel Hardeman were named to Time magazine's list of the 100 Most Influential People of 2024. (Time)

🏒 Wild Goalie Marc-Andre Fleury signed a one-year deal to return next season. (KSTP)

🚊 Extending the Blue Line through the North Loop will require moving underground electric transmission lines, raising concerns about cost and loss of power. (Star Tribune)

4. Quote du jour: Clark's Lynx loving days are over

Caitlin Clark speaks at an introductory press conference for the Indiana Fever. Photo: Ron Hoskins/NBAE via Getty Images

"I grew up loving the Minnesota Lynx. I probably shouldn't say that anymore."
— Caitlin Clark, at her introductory press conference after being drafted by the Indiana Fever.

Of note: Clark's Fever play the Lynx at Target Center on July 14.

Go deeper: The former Iowa star's starting salary will be $76,000 this year, but as Axios' Sam Baker reports, the WNBA's relatively low pay could soon change thanks to heightened interest in women's basketball.

5. 📷 1 photo to go: Lake Harriet Bandshell's new look

Photo courtesy of Minneapolis Park Board

The Minneapolis Park & Recreation Board finished a new and blue paint job on the Lake Harriet Bandshell over the winter.

Our thought bubble: It sure beats the old brown color.

Of note: Smaller structures nearby will be painted this spring and fall, the park board said.

🫖 Kyle enjoyed lunch at Karmel Mall — and is thankful for the colleague who tipped him off to the unique brilliance of Somali tea!

ğŸŽ¶ Torey splurged on tickets to see fellow Vermonter Noah Kahan at Alpine Valley Music Theatre this summer.

🏀 Nick enjoyed this Naz Reid profile.

This newsletter was edited by Ross Terrell and copy edited by Patricia Guadalupe.