Updated: 07/01/2013 6:23 AM KSTP.com By: Jay Kolls
There is a lot on the line in the upcoming race to be the new mayor of Minneapolis, and political watchers say a lot of money will be spent.
University of Minnesota Political Expert Larry Jacobs tells 5 EYEWITNESS NEWS this year's mayoral election is the "most important race in the last 25 years because Minneapolis is at a turning point with huge economic development projects, public transportation projects reaching into the hundreds of millions and huge cultural growth as well."
Jacobs says, right now, Mark Andrew and Betsy Hodges are considered to be the front runners to replace Mayor R.T. Rybak.
Current city council member and former mayoral candidate Gary Schiff tells 5 EYEWITNESS NEWS this year's mayoral race between Andrew and Hodges will likely cost $2 million.
Schiff says the most it has ever cost to win the mayor's job "was slightly more than $500,000, and this year it will easily go way beyond that amount." Schiff says he dropped out of the race, in part, because he knew he could not compete with the money Andrew and Hodges will be able to raise.
Click here to view a list of candidates.