Canterbury Park gets final approval for luxury housing, commercial development
Canterbury Parks $400 million redevelopment project overcame its final hurdle Wednesday night, as the Shakopee City Council approved a tax-increment financing package to fund new roads for the project and other infrastructure improvements.
Construction of Canterbury Commons, a gated luxury housing complex at the popular Shakopee racetrack, is expected to begin this fall.
Bloomington-based developer Doran Cos. plans to build 596 upscale apartments with amenities on the tracks west side. The area eventually will have around 100 units of owner-occupied townhouses and senior condominiums, plus a boutique hotel.
Once completed, the project will become the largest mixed-use development in Shakopees history.
The benefits Canterbury Commons will offer our community are tremendous, said Canterbury Park President Randy Sampson.
Sampson said he envisions a bustling hub of specialty retail shops, eateries and office space, and also hopes to lure high-wage employment opportunities to town while improving traffic flow on adjacent streets.
Liz Sawyer 612-673-4648