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Hopes dim for Rochester riverfront project

Feb 03, 2019 - Star Tribune (Minneapolis, Minnesota)

A year ago, it was the home run development. Turns out, it might have been a foul ball.

The developer of a $257 million riverfront hotel, housing and retail project envisioned for a spot in downtown Rochester just blocks from the Mayo Clinic terminated its purchase agreement last month for the city-owned land where the development would have risen.

"The approved project isn't going forward," at this point, said Terry Spaeth, assistant city administrator.

With no formal agreemen...