Gold Medal Park

New 50-year lease proposed for Gold Medal Park

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City Council Member Lisa Goodman (Ward 7) has announced a plan to preserve Gold Medal Park in its current state for the next 50 years.

The William W. and Nadine M. McGuire Family Foundation built the park partially on city property and agreed to a 10-year lease in June 2006. That agreement requires the foundation to pay Minneapolis $50,000 per year and pay for park maintenance and upkeep, which is another estimated $150,000 per year.

Goodman’s proposal would waive the $50,000 annual fee the foundation was paying and keep everything else exactly the same.

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