Horse racing-friendly management at Canterbury Park in Shakopee has made it known they have some big plans on the drawing board for developing part of the property not utilized for racing. A primary focus will be residential real estate featuring apartments, townhouses and a luxury hotel. This development will address an ever-increasing need for housing in the Twin Cities metro area.
The residential rental market has been extremely strong in many markets across the country, including the Twin Cities. Shakopee, situated approximately twenty-five miles from Minneapolis and thirty miles from St. Paul, has been especially housing-strapped as its population has doubled in the past fifteen years The south suburban town is now in the top 25 of the most populous cities in the state.