"Minneapolis Update: Housing Boom, Tech Growth, and Community Events"

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"Minneapolis Update: Housing Boom, Tech Growth, and Community Events"
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Good morning, this is Minneapolis Local Pulse for March 13, 2025. We're starting off with some big news from City Hall. Mayor Jacob Frey has just announced his priorities for...
show moreWe're starting off with some big news from City Hall. Mayor Jacob Frey has just announced his priorities for the coming year, focusing on community safety, affordable housing, and economic opportunities. The mayor's plan includes expanding the number of community safety professionals and implementing police reforms in line with recent settlement agreements. He's also pushing to create more affordable housing and reduce racial disparities in homeownership.
Speaking of housing, the real estate market in Minneapolis continues to be competitive. The average home price in the city now stands at around $375,000, up 5% from last year. We're seeing particular demand in the Uptown and Northeast neighborhoods.
On the job front, the tech sector is booming. Companies like Target and UnitedHealth Group are actively recruiting for IT positions, with salaries for experienced professionals averaging around $120,000 per year. The cybersecurity field is especially hot, with a projected 28% growth in roles by the end of the year.
In weather news, we're looking at a partly cloudy day with highs near 60 degrees. Perfect weather for the community clean-up event happening at Loring Park this afternoon. Don't forget your gardening gloves if you're planning to join in!
We've got some exciting developments in the local food scene. A new bubble tea shop is moving into the former Caribou Coffee space on Grand Avenue, adding to the growing number of specialty beverage options in the area. Meanwhile, the Uptown boutique Proper has announced it will be closing its doors after a decade in business. The shop's Fargo location will remain open.
In sports, the Timberwolves had a big win last night, beating the Charlotte Hornets 125-110. Anthony Edwards and Jaden McDaniels both scored 29 points, leading the team to victory.
On a somber note, we're following up on a serious incident that occurred yesterday. Four people were hospitalized after a wrong-way driver collided with an ambulance on Lake Street near Thomas Avenue South. Police are still investigating the cause of the crash.
In more positive news, the University of Minnesota has launched 25 new tech startups this year alone, with 73% of them choosing to stay right here in Minnesota. It's a testament to the innovation and entrepreneurial spirit of our city.
Looking ahead, don't miss the Janet Jackson concert coming up on June 18th at the Target Center. Tickets are selling fast for what promises to be an unforgettable show.
This has been Minneapolis Local Pulse. We'll see you tomorrow with more local updates.
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Author | QP - Daily |
Organization | William Corbin |
Website | - |
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