A plan to develop downtown Mound, Minnesota into a Minnetonka lakeshore destination is being replaced with plans for luxury townhomes, much to the criticism of some neighbors.

“We are trying to take advantage of some pieces that are ready to happen now—to create the energy and to create something to organize around,” said Mound City Manager Eric Hoversten.

But some residents worry the city is missing a grand opportunity.

“It’s a short-term tax gain for the city but a long-term loss for the community,” said resident Marc Doepner-Hove.

Hoversten said the city tried for many years to attract commercial development, including a destination lakeshore restaurant, but it never worked out.

Full Story: http://www.fox9.com/news/residents-concerned-about-condo-development-in-downtown-mound-minn

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