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Mayor’s budget proposes $600,000 for downtown assets, including $500,000 to support WWE SummerSlam
Summary
Minneapolis Convention Center Director Jeff Johnson presented the downtown assets fund budget and said the mayor’s recommended 2026 budget includes $500,000 to support WWE SummerSlam 2026 and $100,000 for a competitiveness study of the convention center.
Jeff Johnson, general manager of the Minneapolis Convention Center, told the Budget Committee on Sept. 22 that the downtown assets fund remains the primary support for the convention center, Target Center and related hospitality assets. He outlined a plan that asks the council to add two one-time items totaling $600,000: $500,000 to support the WWE SummerSlam 2026 event and $100,000 to study the convention center’s competitive climate and identify investment priorities.
Johnson said local option hospitality taxes — established by the state in 1986 and collected as a variety of local sales and lodging levies — generate roughly $100 million annually, with about $20 million paying…
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