Real Estate News

Eden Prairie Named Top 10 Small City by Money Magazine

From Money Magazine at www.money.cnn.com

Population: 60,600
Typical single-family home: $300,000
Est. property taxes: $3,500
Pros: Convenience; scenery
Cons: No downtown; long winter

Onetime cow town Eden Prairie is now a hot spot for businesses and families. Twenty miles southwest of Minneapolis, it has long been home to the families of Twin City sports pros and Fortune 500 execs. When electronics retailer Best Buy decided to relocate its corporate home away from Eden Prairie in 2000, local business leaders responded by forming Silicon Prairie, a group whose mission was to grow the town's tech industry. It worked. The employment base grew by more than 7% over the next five years.

Additional story in the Minneapolis Star Tribune: http://www.startribune.com/484/story/557963.html

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Eden Prairie Named Top 10 Small City by Money Magazine

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