Phase II will create more than 7,000 new construction jobs and generate more than $100 million in construction taxes and labor income taxes during the building phase alone. When complete, Phase II will create up to 7,000 additional permanent jobs.
This project will bring economic growth to Minnesota through an investment of more than $2 billion in new construction.
Mall of America® is one of the largest tax payers in the state and has generated more than $1 billion in tax revenue since it opened.
Mall of America generates over $60 million in tax revenue each year, and Phase II is projected to generate an additional $80 million in tax revenue per year. Together, Phase I and Phase II will generate over $3.4 billion in total taxes over the first 20 years.
Over the past 19 years MOA™ taxes have contributed more than $144 million to education funding and more than $45 million to transportation funding. Combined with Phase II, those totals will jump to $712 million in education and $225 million in transportation during the first 20 years of Phase II.
The city of Bloomington estimates that Mall of America has generated four times more tax revenue than alternative market-driven development would have – a total of more than $600 million.
Out-of-state tourists visiting MOA spend more than $1 billion annually outside the Mall – on items such as hotel rooms, rental cars, dining out, visiting attractions and sporting events.
Mall of America has well over 40 million visitors annually, 10 times the state's second most popular tourist destination and exceeds all other state tourist destinations combined. MOA welcomes more visitors each year than the combined populations of North Dakota, South Dakota, Iowa…and Canada.
Mall of America has helped non-profit organizations raise more than $175 million dollars, donates to more than 300 organizations annually and has invested more than $350,000 in high school scholarships.