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Mall Of America Secures Financing For Expansion

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Mall of America (credit: Timo Gans/AFP/Getty Images)

Mall of America (credit: Timo Gans/AFP/Getty Images)

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BLOOMINGTON, Minn. (WCCO/AP) – The Mall of America, one of the largest malls in the continent, says it will break ground in a couple of weeks to start making the mall a whole lot bigger. The mall has secured financing for a $300 million expansion.

The mega mall, with more than 400 stores, plans to break ground this month on a project that includes a luxury hotel, office tower and additional retail and food space.

Mall spokesman Dan Jasper says the addition could be finished by August of 2015.

The Shakopee Mdewakanton Sioux Community earlier announced that they were in talks with the mall about partnering on the 330-room hotel included in the project. The tribe or mall representatives aren’t commenting on whether the Shakopee are a financial partner.

It’s the second big hotel project anchored at the mall. The first was a $137 million Radisson that opened last March.

The new expansion will be located on the north side of the current mall property.

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