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Maple Grove OKs exchange deal with Life Time

The Maple Grove City Council approved a number of items related to the eventual expansion of their community campus, including entering an exchange agreement with Life Time Fitness and purchase agreement with Ryan Cos.

The article from Finance & Commerce, published on December 1, 2024, discusses an agreement between the city of Maple Grove and Life Time Fitness. The deal involves an exchange where Life Time Fitness will receive 10 acres of land from the city in exchange for providing a new public park and trail system. This land swap is part of Life Time's plan to expand its fitness center in Maple Grove. The agreement includes Life Time developing a 10-acre park with amenities like walking trails, picnic areas, and a playground, enhancing the community's recreational facilities. The city council approved the deal, seeing it as a beneficial arrangement that promotes both economic development and public recreational space.

Read the Full Finance & Commerce Article at:
https://finance-commerce.com/2024/12/maple-grove-oks-exchange-deal-with-life-time/