MINNEAPOLIS (WCCO) — Ryan Companies US, Inc. reportedly plans to build a 17-story office tower near the U.S. Bank Stadium on a site that has been the subject of several redevelopment proposals.

The building would be erected at 728 S. 4th St. in downtown Minneapolis in front of — as well as on top of — the Block 1 parking ramp, located kitty-corner from the new Vikings Stadium, said Michele Kelm-Helgen, chair of the Minnesota Sports Facilities Authority.

At a Friday meeting, Kelm-Helgen called the development a $90 million investment by Ryan.