Midtown Global Market Granted Bail Out by City of Minneapolis

Updated: 12/10/2013 8:55 PM KSTP.com By: Cassie Hart

The Minneapolis City Council decided Tuesday it will grant the privately-owned Midtown Global Market in south Minneapolis a public bail out.

Mayor Rybak pushed for the relief of $270,000 from the city, plus the forgiveness of another $1.5 million in loans.

Despite generating $10 million in annual sales, the market is running a $200,000 annual deficit.

It houses nearly 40 shops and employs hundreds of people.